SENATE DOCKET, NO. 1136        FILED ON: 1/19/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1958

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Thomas M. McGee

_________________

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 establishing a Massachusetts Infrastructure Bank.

_______________

PETITION OF:

 

Name:

District/Address:

 

Thomas M. McGee

Third Essex

 

Jason M. Lewis

Fifth Middlesex

1/30/2017

James B. Eldridge

Middlesex and Worcester

2/1/2017

Kate Hogan

3rd Middlesex

2/2/2017

Kevin G. Honan

17th Suffolk

2/3/2017

Sal N. DiDomenico

Middlesex and Suffolk

2/3/2017

Eric P. Lesser

First Hampden and Hampshire

2/3/2017


SENATE DOCKET, NO. 1136        FILED ON: 1/19/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1958

By Mr. McGee, a petition (accompanied by bill, Senate, No. 1958) of Thomas M. McGee, Jason M. Lewis, James B. Eldridge, Kate Hogan and other members of the General Court for legislation to establish a Massachusetts Infrastructure Bank.  Transportation.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninetieth General Court
(2017-2018)

_______________

 

An Act establishing a Massachusetts Infrastructure Bank.

 

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. Chapter 6C of the General Laws shall be amended by inserting the following new section:-

Section 77. The department shall establish a Massachusetts Infrastructure Bank (MIB) to finance a loan program for eligible transportation projects including, but not limited to, highways and bridges, railroads, transit, waterways, ports and airports. The MIB shall receive funds made through the annual general appropriation act, to be leveraged with private debt capital through the issuance of bonds or other financing arrangements.