Amendment #225 to H4714

HWM Technical

Mr. Sánchez of Boston moves to amend the bill by inserting before the enacting clause the following emergency preamble:-

“Whereas, The deferred operation of this act would tend to defeat its purpose, which is to finance forthwith improvements to the commonwealth’s economic infrastructure and promote economic opportunity, therefore it is hereby declared to be an emergency law, necessary for the immediate preservation of the public convenience.”;

And moves to further amend the bill by striking out, in line 2, the words “2A and 2B” and inserting in place thereof the words:- 2B and 2C;

And moves to further amend the bill by inserting after item 7008-1116, as inserted by Consolidated Amendment A, and before item 6720-1351, the following:-

SECTION 2B.

EXECUTIVE OFFICE OF HOUSING AND ECONOMIC DEVELOPMENT

Office of the Secretary

And moves to further amend the bill by striking out, in line 44, the words “2B” and inserting in place thereof the following:- 2C;

And moves to further amend the bill by striking out, in line 783, the figure “$1,000,000” and inserting in place thereof the following figure:- $2,000,000;

And moves to further amend the bill by striking, in line 806, the words “2A” and inserting in place thereof the following:- 2B;

And moves to further amend the bill by striking, in line 80, the figure “$441,250,000” and inserting in place thereof the following:- $558,225,000;

And moves to further amend the bill by striking, in line 818, the words “2B” and inserting in place thereof the following:- 2C;

And moves to further amend the bill by inserting after section 49, the following section:-

SECTION 49A. There shall be a commission to plan, develop, and implement strategies to support and promote minority-owned real estate and financial services corporations in the commonwealth. The commission shall also identify barriers to professional licensure for socially or economically disadvantaged persons including, but not limited to, barriers to obtaining mortgage lending and broke licenses, state bank charters and insurance or carrier licenses.

The commission shall consist of the commissioner of banks, or a designee; the director of the division of professional licensure, or a designee, 1 representative of the National Association of Real Estate Brokers; and 2 minority business enterprise owners, as described in section 58 of chapter 7 of the General Laws, as appointed by the governor.  The commission shall file a report of its findings and recommendations with the clerks of the senate and house of representatives and the chairs of the senate and house committees on ways and means no later than June 30, 2019.