Amendment #81 to H4165

Scientific and Technology Research and Development Matching Grant Fund

Mr. Sannicandro of Ashland moves to amend the bill by inserting, in line 152, the following section:-

"SECTION 2B. To provide for a program of infrastructure development and improvements, the sums set forth in section 2B for the several purposes and subject to the conditions specified in this act, are hereby made available, subject to the laws regulating the disbursement of public funds and approval thereof.

Massachusetts Technology Park Corporation

7066-0099.. For the Scientific and Technology Research and Development Matching Grant Fund established in 4G of chapter 40J of the General Laws...................................................... $25,000,000"

and further, by inserting the following section:-

"SECTION XX. To meet expenditures necessary in carrying out section 2B, the state treasurer shall, upon the request of the governor, issue and sell bonds of the commonwealth in an amount to be specified by the governor from time to time, but not exceeding, in the aggregate, $25,000,000. All bonds issued by the commonwealth as aforesaid shall be designated on their face, the Massachusetts Technology Park Corporation Scientific and Technology Research and Development Matching Grant Fund Act of 2014, and shall be issued for a maximum term of years, not exceeding 30 years as the governor may recommend to the general court pursuant to section 3 of Article LXII of the Amendments to the Constitution; provided, however, that all such bonds shall be payable not later than June 30, 2049. All interest and payments on account of principal on these obligations shall be payable from the General Fund. Bonds and interest thereon issued pursuant to this section shall, notwithstanding any other provision of this act, be general obligations of the commonwealth."