H 4017 Massachusetts House · 193rd Legislature (2023-2024)

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.