An Act to support higher education infrastructure
This bill creates a dedicated trust fund to support the modernization and reconstruction of public higher education facilities in Massachusetts. It achieves this by allocating 1% of sales and use tax revenue specifically for the state's public higher education facilities authority. The funds in this trust will be used exclusively to pay for facility upgrades, debt service, and other capital needs without requiring additional annual appropriations from the general budget. Additionally, the bill ensures that the tax rates funding this initiative cannot be lowered as long as any outstanding bonds or notes are still being repaid.
Bill status
passed
3 of 4 stages cleared
Introduction
Jul 2023
Committee Review
Jul 2023
Senate Passage
Jul 2023
Governor
Introduced Jul 26, 2023
Last action Jun 24, 2024
Floor votes
How they voted
This bill passed the Senate. No roll call record of that vote is available.
Full legislative history
Actions timeline
Total actions
4
Key actions
1
Committee
1
Jul 27, 2023
Upper · Passed
Senate concurred
upper
Jul 26, 2023
Committee
Referred to the committee on Revenue
lower
0 primary · 3 co-sponsors
Sponsors
No sponsor information available.
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