H2262
An Act authorizing the town of Southborough to issue pension obligation bonds or notes
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill would allow the town of Southborough, Massachusetts, to borrow money by issuing bonds or notes. These funds would be specifically used to help pay down Southborough’s share of the unfunded pension liabilities within the Worcester Regional Retirement System. The town is seeking this authorization to manage its financial obligations related to retiree benefits. The bill has been referred to the House Committee on Ways and Means and has received local approval.
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