Amendment #581 to H3400

Extending municipal bonding terms for local infrastructure development programs

Mr. Kuros of Uxbridge moves to amend the bill by adding the following section:

“SECTION XXXX.

SECTION 1. Section 4 of Chapter 23L of the General Laws, as added by section 14 of chapter 238 of the acts of 2012, is hereby amended in subsection (a) by striking the words “25 years” and inserting in place thereof the following:- 30 years

SECTION 2. Section 5 of Chapter 23L of the General Laws, as so appearing, is hereby amended in subsection (b) by striking the words “25 years” and inserting in place thereof the following:- 30 years.".