H 4509
An Act authorizing the town of Nantucket to issue pension obligation bonds or notes
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- Passed House
- Passed Senate
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Bill overview
This bill authorizes the town of Nantucket, Massachusetts, to issue pension obligation bonds or notes. It allows the town to borrow money to finance its public pension obligations. The authorization was approved by the town of Nantucket. The bill is currently being reviewed by the House Committee on Public Service and Ways and Means.
Key provisions
- Authorizes Nantucket to issue pension obligation bonds.
- Authorizes Nantucket to issue notes to finance pension obligations.
- The authorization was approved by a vote of the town of Nantucket.
- The bill is currently under review by the House Committee on Public Service and the House Committee on Ways and Means.
Who is affected
- Town of Nantucket
- Nantucket residents (potentially through pension obligations)
- Bondholders
Notable changes
- Provides Nantucket with the legal authority to manage its pension liabilities through debt financing.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Thomas W. Moakley
Cosponsors
Thomas W. Moakley
Arguments in favor
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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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