This is not the official budget document.

Budget Summary FY2011

Outside Section 163
Data Current as of:  8/6/2010




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Municipal Bond Banks

SECTION 163.   Notwithstanding any special or general law to the contrary, not later than October 31, 2010, the state treasurer shall report to the clerks of the senate and the house of representatives, the senate and house committees on ways and means and the senate and house committees on bonding, capital expenditures and state assets on the potential cost savings to municipalities and other efficiencies of a municipal infrastructure bond bank. The report shall include an analysis of the municipal infrastructure bond banks utilized in other states and recommendations together with drafts of legislation, if any, necessary to implement changes to finance laws in order to permit a bond bank to be established in the commonwealth.