An Act creating a special commission to scope a state grant or low interest loan program for properties prone to flooding

This bill establishes a special commission in Massachusetts to study and design a state grant or low-interest loan program for properties at risk of flooding. The commission will include representatives from government agencies, elected officials, and private sector experts to evaluate funding sources, eligible costs, and applicant qualifications. Its primary task is to develop a detailed plan that considers financial risks and climate adaptation strategies, with final recommendations due by December 2022.