HOUSE DOCKET, NO. 3348        FILED ON: 1/18/2013

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1074

 

The Commonwealth of Massachusetts

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PRESENTED BY:

John J. Mahoney

_________________

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 adoption of the accompanying bill:

An Act relative to the Massachusetts Development Finance Agency.

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PETITION OF:

 

Name:

District/Address:

Date Added:

John J. Mahoney

13th Worcester

1/18/2013


HOUSE DOCKET, NO. 3348        FILED ON: 1/18/2013

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1074

By Mr. Mahoney of Worcester, a petition (accompanied by bill, House, No. 1074) of John J. Mahoney relative to borrowing by universities and community colleges through the Massachusetts Development Finance Agency.  Higher Education.

 

The Commonwealth of Massachusetts

 

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In the Year Two Thousand Thirteen

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An Act relative to the Massachusetts Development Finance Agency.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION ___.  Notwithstanding any general or special law to the contrary, the state universities and

community colleges, with the approval of the executive office for administration and finance and the board of higher education, may borrow an amount not to exceed $200,000,000 in the aggregate through the Massachusetts Development Finance Agency or any other authorized funding source for support of capital projects at their campuses, including costs associated with planning and studies, dispositions, acquisition of land and buildings and interests therein by purchase and for the preparation of plans and specifications, repairs, construction, renovations, improvements, maintenance and repair, asset management and demolition, provided that any such project shall have undergone a project study by the division of capital asset management and maintenance; any such project shall also be considered eligible for financing by the Massachusetts State College Building Authority as a project within the meaning of chapter 703 of the acts of 1963.