S.1335 An Act relative to proceeds from the sale of bonds
This bill would make technical corrections to the changes made by the Municipal Modernization Act to M.G.L. c. 44, § 20 related to a municipality’s treatment of premiums (net of issuance costs) received when issuing debt. The bill would:
- require that premiums from temporary debt such as bond anticipation notes (BANs) be reserved for payment of the first interest payment on the BANs;
- remove the current requirement that each premium be appropriated for a capital purpose for which the municipality could borrow for an equal or greater term than the borrowing that generated the premium; instead, it would allow the premiums to be appropriated for any borrowable purpose; and
- require that premiums received on a borrowing, for which a Proposition 2½ debt exclusion has been approved, be used for project costs and to reduce the borrowing; this would eliminate the need for the Division of Local Services (DLS) to adjust the debt exclusion to reflect the true interest costs of the borrowing.
Home Rule Petitions
H.2166 An Act to change the name of the board of selectmen in the town of Burlington to select board
Would amend Chapter 686 of the Acts of 1970 as amended, by deleting the terms “Selectmen” and “Board of Selectmen” each time they appear and inserting the term “Select Board.”
H.2168 An Act to amend the charter of the city of Woburn to change the name of the members of the city council from “alderman” to “city councilor”
Would amend the City of Woburn’s charter to replace the name of members of the city council from “alderman” to “city councilor.”
H.3749 An Act authorizing senior water and sewer discounts in the town of Arlington
Would permit the Town of Arlington to discount fees charged to qualifying, means-tested Arlington Seniors for water and sewer usage.
H.3750 An Act authorizing the town of Arlington to adopt and enforce local regulations restricting the use of fossil fuels in certain construction
Adds a new provision to the Town of Arlington Bylaws prohibiting the installation of fossil fuel infrastructure in new construction projects and/or major renovation and rehabilitation projects in Arlington, provided some exemptions.
H.3820 An Act regulating the membership of the Board of Trustees of the Woburn Public Library Corporation
Would end the practice of appointing and recognizing lifetime members on the Board of Trustees of the Woburn Public Library Corporation, and details the term and process for appointing library trustees going forward.
H3893 An Act authorizing the town of Lexington to adopt and enforce local regulations restricting new fossil fuel infrastructure in certain construction
Would allow the Town of Lexington to enact a bylaw that would restrict fossil fuel infrastructure in new construction and major renovations in the Town. The bylaw would limit the installation of new fossil fuel (natural gas, propane, fuel oil) infrastructure so as to require new or significantly renovated buildings to use clean energy sources (electricity) with certain exemptions.