Signed by Governor Maura Healey

Vote Smart's Synopsis:

Vote to pass a bill that appropriates funds for municipal road and bridge improvement projects in Massachusetts.

Highlights:

• Appropriates $300 million for the construction and reconstruction of municipal ways (Sec. 2).

• Appropriates $500 million for bridge and pavement upkeep and repairs (Sec. 2A)

• Specifies that the state treasurer can issue and sell bonds of the commonwealth that do not exceed $300 million (Sec. 3).

• Specifies that any bond issue will consider prevailing financial market conditions, the impact on the overall financing plans, ratings assigned to outstanding bonds, and any application provisions of a trust agreement or credit enhancement (Sec. 5).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that appropriates funds for municipal road and bridge improvement projects in Massachusetts.

Highlights:

• Appropriates $300 million for the construction and reconstruction of municipal ways (Sec. 2).

• Appropriates $500 million for bridge and pavement upkeep and repairs (Sec. 2A)

• Specifies that the state treasurer can issue and sell bonds of the commonwealth that do not exceed $300 million (Sec. 3).

• Specifies that any bond issue will consider prevailing financial market conditions, the impact on the overall financing plans, ratings assigned to outstanding bonds, and any application provisions of a trust agreement or credit enhancement (Sec. 5).

Full Bill Text