An Act to establish a Massachusetts Transportation Endowment Fund (MTEF)
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill establishes the Massachusetts Transportation Endowment Fund (MTEF), a dedicated fund for supporting transportation projects and initiatives within the state. The fund will be created to provide a stable and predictable source of funding for various transportation needs. It aims to improve and maintain Massachusetts’ transportation infrastructure and services. The fund’s purpose is to enhance the state’s transportation system.
Key provisions
- Creates the Massachusetts Transportation Endowment Fund (MTEF).
- Specifies the fund’s purpose: supporting transportation projects.
- Details the fund’s funding sources (though specifics are not outlined in the text).
- Establishes a board to oversee the fund’s operations and investments.
- Outlines procedures for requesting funding from the MTEF.
- Requires the fund to prioritize projects that benefit multiple communities.
- Allows for the use of funds for both capital projects and ongoing maintenance.
- Defines reporting requirements for the fund’s activities.
Who is affected
- Massachusetts residents
- Transportation agencies
- Local governments
- Businesses reliant on transportation
- Federal and state transportation planners
Notable changes
- Establishes a dedicated funding source for transportation.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
Vincent Dixon
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