Bill Text: MA S428 | 2009-2010 | 186th General Court | Introduced
Bill Title: For legislation relative to the sewer rate relief fund
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2010-07-30 - Discharged to the Senate Committee on Ways and Means [S428 Detail]
Download: Massachusetts-2009-S428-Introduced.html
The Commonwealth of Massachusetts
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PRESENTED BY:
Anthony W. Petruccelli
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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 relative to the sewer rate relief fund. .
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PETITION OF:
|
Name: |
District/Address: |
|
Anthony W. Petruccelli |
First Suffolk and Middlesex |
|
Joyce A. Spiliotis |
12th Essex |
The Commonwealth of
Massachusetts
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In the Year Two Thousand and Nine
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An Act relative to the sewer rate relief fund.
Be
it enacted by the Senate and House of Representatives in General Court
assembled, and by the authority of the same, as follows:
SECTION 1. Section 2Z of Chapter 29 of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by striking the words “No city, town, district, commission, agency, authority, board or other instrumentality of the commonwealth or any of its political subdivisions which is responsible for the ownership or operation of wastewater treatment projects and is authorized to finance all or any part of the cost thereof through the issuance of eligible indebtedness, in this section called an issuer, shall receive relief authorized by this section in excess of 20 per cent of its annual debt service obligations due to eligible indebtedness” in line 10 and inserting in place thereof the following:-
A city, town, district, commission, agency, authority, board or other instrumentality of the commonwealth or any of its political subdivisions which is responsible for the ownership or operation of wastewater treatment projects and is authorized to finance all or any part of the cost thereof through the issuance of eligible indebtedness, in this section called an issuer, shall receive relief authorized by this section at a rate of 20 per cent of its annual debt service obligations due to eligible indebtedness.
