SENATE, No. 508

By Mr. Hedlund, a petition (accompanied by bill, Senate, No. 508) of Robert L. Hedlund and Garrett J. Bradley for legislation relative to drinking water revolving fund equity. Environment, Natural Resources and Agriculture.
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The Commonwealth of Massachusetts

Seal of the Commonwealth of Massachusetts

In the Year Two Thousand and Seven.

AN ACT relative to drinking water revolving fund equity

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. Section 22 of Chapter 78 of the Acts of 1998 is hereby amended by striking out “50 percent of eligible costs” and inserting in its place “the net present value of 50 percent of eligible costs.”

SECTION 2.   Section 22 of Chapter 78 of the Acts of 1998 is hereby further amended by striking out “80,000,000” and inserting in its place “160,000,000”.