SENATE DOCKET, NO. 2646 FILED ON: 7/31/2016
Senate, July 31, 2016 -- Offered by Senator Brian A. Joyce requiring the Governor to provide a detailed report to the Clerk of the Senate prior to the issuance of certain bonds |
The Commonwealth of Massachusetts
| Senate, July 31, 2016. |
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In the One Hundred and Eighty-Ninth General Court
(2015-2016)
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Ordered, that the Senate requests the Governor to provide a detailed report to the Clerk of the Senate prior to the issuance of bonds referenced in Section 4 of Senate Bill 2455 that includes the reason for excluding these bonds from the statutory debt limit imposed by the second paragraph of section 60A of chapter 29 of the General Laws and exclusion from the computation of the limit imposed by section 60B of said chapter 29. The report shall also include information about the impact of these bonds on the Commonwealth’s bond rating, fiscal solvency, total debt both within and outside the limit imposed by section 60A of said chapter 29, the impact of the increased debt service on the Commonwealth’s ability to pay its existing obligations, meet unfunded pension and other post-employment benefits liabilities, and the impact on operating costs.