H4509
An Act authorizing the town of Nantucket to issue pension obligation bonds or notes
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Bill overview
This bill allows the town of Nantucket, Massachusetts, to borrow money by issuing pension obligation bonds or notes. These bonds would be used to finance the town’s public pension obligations, such as retirement benefits for employees. The town has already received local approval for this action. The bill is currently being reviewed by the House Committee on Ways and Means.
Key provisions
- Authorizes Nantucket to issue pension obligation bonds.
- Authorizes Nantucket to issue pension obligation notes.
- The bonds/notes will be used to fund the town’s public pension obligations.
- Local approval from the town of Nantucket is required.
- The bill is currently under review by the House Committee on Ways and Means.
Who is affected
- Town of Nantucket
- Nantucket residents (through pension obligations)
- Nantucket town government
- Pension beneficiaries in Nantucket
Sponsors
Official sponsors from legislative records.
Primary sponsor
Thomas W. Moakley
Cosponsor
Thomas W. Moakley
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Bill H.4509 194th (Current)
An Act authorizing the town of Nantucket to issue pension obligation bonds or notes
By Representative Moakley of Falmouth and Senator Cyr, a joint petition (accompanied by bill, House, No. 4509) of Thomas W. Moakley (by vote of the town) that the town of Nantucket be authorized to issue pension obligation bonds or notes. Public Service. [Local Approval Received.]
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Bill Information
Bill Information
Presenters: Thomas W. Moakley , Julian Cyr Status: Referred to House Committee on Ways and Means City/Town: Nantucket (Local Approval Received)
Tabs
Bill History Petitioners Committee Vote Committee Summary Hearing Attendance
Bill History
Displaying 4 actions for Bill H.4509
| Date | Branch | Action |
| 9/11/2025 | House | Referred to the committee on Public Service |
| 9/15/2025 | Senate | Senate concurred |
| 10/2/2025 | Joint | Hearing scheduled for 10/15/2025 from 01:00 PM-05:00 PM in B-1 |
| 2/2/2026 | House | Bill reported favorably by committee and referred to the committee on House Ways and Means |
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