Bill Text: MA H2266 | 2009-2010 | 186th General Court | Introduced
Bill Title: Establish a municipal public safety facilities loan fund
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2010-03-18 - Bill reported favorably by committee and referred to the House Committee On Ways and Means [H2266 Detail]
Download: Massachusetts-2009-H2266-Introduced.html
The Commonwealth of Massachusetts
_______________
PRESENTED BY:
Kathi-Anne Reinstein
_______________
To the
Honorable Senate and House of Representatives of the Commonwealth of
Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:
An Act establishing a municipal public safety facilities loan fund.
_______________
PETITION OF:
|
Name: |
District/Address: |
|
Kathi-Anne Reinstein |
16th Suffolk |
|
Stephen R. Canessa |
12th Bristol |
|
Bruce E. Tarr |
First Essex and Middlesex |
|
Susan C. Fargo |
Third Middlesex |
|
Jennifer M. Callahan |
18th Worcester |
[SIMILAR MATTER FILED IN PREVIOUS
SESSION
SEE HOUSE, NO. 2366 OF 2007-2008.]
The Commonwealth of
Massachusetts
_______________
In the Year Two Thousand and Nine
_______________
An Act establishing a municipal public safety facilities loan fund.
Be
it enacted by the Senate and House of Representatives in General Court
assembled, and by the authority of the same, as follows:
Chapter 29 of the General Laws is hereby amended by inserting after section 2OOO the following section: — Section 2PPP. There is hereby established and set up on the books of the commonwealth a separate fund to be known as the Municipal Public Safety Facilities Loan Fund. There shall be credited to said fund such amounts as may appropriated or transferred by the general court. Monies credited to the fund shall, under the control of the secretary of public safety, to make no interest loans to cities and towns for the construction of public safety facilities. All loans should be repaid to the commonwealth not later than 20 years after any such loan is made. The method of repayment of such loans shall be through a deduction made on a recipient city or towns cherry sheet, so-called.
