Amendment #43 to H4138

Capital Improvements in the Designated Port Area

Ms. Ferrante of Gloucester moves to amend the bill in section 2A by inserting the following new item:-

1100-2511  For a matching grant program for the repair, construction and modernization of equipment and capital improvements of marine industrial infrastructure located in designated port areas or maritime industrial zones; provided, that the secretary of administration and finance shall make available the funds under this item to the Massachusetts Development Finance Agency to administer such a grant program; and, provided further, that each grant shall require a private funding match in an amount not to exceed 25 per cent of the cost of the project………………………………$7,000,000