Establishes terms for bonds issued by the Commonwealth of Massachusetts for municipal road and bridge improvements.

The bill sets the terms for bonds issued by the Commonwealth of Massachusetts to finance improvements to municipal roads and bridges. These bonds, authorized under sections 3 and 4 of chapter 17 of the acts of 2025, can be issued for a term not exceeding 30 years. All such bonds must be payable no later than June 30, 2065, as recommended by the governor. This legislation is necessary for the immediate preservation of the public convenience and is considered an emergency law.

Establishes terms for bonds issued by the Commonwealth of Massachusetts for municipal road and bridge improvements.

The bill sets the terms for bonds issued by the Commonwealth of Massachusetts to finance improvements to municipal roads and bridges. These bonds, authorized under sections 3 and 4 of chapter 17 of the acts of 2025, can be issued for a term not exceeding 30 years. All such bonds must be payable no later than June 30, 2065, as recommended by the governor. This legislation is necessary for the immediate preservation of the public convenience and is considered an emergency law.