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 design a state grant or low-interest loan program aimed at helping properties prone to flooding. The commission, which includes representatives from various government agencies, the legislature, and private sectors like insurance and lending, will study funding options, eligible costs, and safety requirements for structural elevation or property acquisition. Members must complete their work by submitting a final report with specific program recommendations to state officials by December 1, 2024.