HOUSE DOCKET, NO. 95        FILED ON: 1/9/2015

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2603

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Timothy R. Madden

_________________

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 regulating sewer betterment assessments in the Commonwealth.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Timothy R. Madden

Barnstable, Dukes and Nantucket

1/9/2015

Michael O. Moore

Second Worcester

1/30/2015

Sarah K. Peake

4th Barnstable

1/23/2015

Daniel A. Wolf

Cape and Islands

1/29/2015


HOUSE DOCKET, NO. 95        FILED ON: 1/9/2015

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2603

By Mr. Madden of Nantucket, a petition (accompanied by bill, House, No. 2603) of Timothy R. Madden and others relative to regulating sewer betterment assessments.  Revenue.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 4204 OF 2013-2014.]

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Eighty-Ninth General Court
(2015-2016)

_______________

 

An Act regulating sewer betterment assessments in the Commonwealth.

 

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.  Notwithstanding any general or special law to the contrary, any town in the Commonwealth of Massachusetts adopting this statute via local option may assess and collect interest on an unpaid balance of a sewer betterment assessment at a rate up to 2% of the net rate of interest chargeable to the town for the project to which the assessment relates.

Section 2. Notwithstanding any general or special law to the contrary, any town in the Commonwealth of Massachusetts adopting this statute via local option may apportion all future sewer assessments or unpaid balances of assessments over a period not to exceed thirty (30) years, and may structure the payments so that the amounts payable in the several years for principal and interest combined are as nearly equal as practicable. These equal  payments may be further apportioned and collected by the town on quarterly tax bills at the option of the town. An owner of land assessed may pay the total remaining principal amount due without a prepayment penalty.

Section 3. This act shall take effect upon its passage.