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SENATE DOCKET, NO. 1813         FILED ON: 1/21/2011

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1544

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Bruce E. Tarr

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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 requiring fiscal responsibility .

_______________

PETITION OF:

 

Name:

District/Address:

Bruce E. Tarr

 

Paul Adams

17th Essex

Steven L. Levy

4th Middlesex


SENATE DOCKET, NO. 1813        FILED ON: 1/21/2011

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1544

By Mr. Tarr, a petition (accompanied by bill, Senate, No. 1544) of Bruce E. Tarr, Paul Adams and Steven L. Levy for legislation to require fiscal responsibility.  Revenue. 


The Commonwealth of Massachusetts
 

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In the Year Two Thousand Eleven

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An Act requiring fiscal responsibility .
 

              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, rule or regulation to the contrary, before the governor may provide a tax credit or refund under chapters 58 to 65C, inclusive, of the General Laws, or any loan, grant or other financial assistance of at least $500,000 to a person, as defined in section 1 of chapter 63 of the General Laws, the governor shall submit a cost-benefit analysis detailing the prospective financial and employment impacts in the commonwealth, in writing, to the clerks of the house and senate; provided, however, that the cost-benefit analysis shall not disclose any trade secrets as defined in Clause 20-6 of Section 7 of Chapter 4 of the General Laws.  

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