SENATE DOCKET, NO. 1335 FILED ON: 1/16/2015
SENATE . . . . . . . . . . . . . . No. 459
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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 adoption 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 |
SENATE DOCKET, NO. 1335 FILED ON: 1/16/2015
SENATE . . . . . . . . . . . . . . No. 459
By Mr. Petruccelli, a petition (accompanied by bill, Senate, No. 459) of Anthony W. Petruccelli for legislation relative to the sewer rate relief fund. Environment, Natural Resources and Agriculture. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 393 OF 2013-2014.]
The Commonwealth of Massachusetts
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In the One Hundred and Eighty-Ninth General Court
(2015-2016)
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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 2012 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.