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MassachusettsH 4413194th General Court (2025-2026)HouseWALLET

An Act providing for the terms of certain bonds to be issued by the Commonwealth

Sponsored By: Maura T. Healey

Signed by Governor

Bonding, Capital Expenditures and State AssetsHouse Ways and MeansHouse Steering, Policy and Scheduling

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

State bond terms capped at 30 years

The law caps the term of certain state bonds. Any bonds the State Treasurer issues under sections 3 and 4 of Chapter 17 of the Acts of 2025 must have a term of 30 years or less. All of those bonds must be fully paid by June 30, 2065. This rule applies even if other laws say something else. The authority follows the Governor’s recommendation sent to the Legislature on August 12, 2025 under Article 62, Section 3 of the state constitution.

Sponsors & Cosponsors

Sponsor

  • Maura T. Healey

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 43 • No: 0

committee vote • 10/14/2025

Committee Favorable: H4413 “An Act providing for the terms of certain bonds to be issued by the Commonwealth

Yes: 32 • No: 0 • Other: 4

committee vote • 9/5/2025

Committee Favorable: On H4413 - An Act providing for the terms of certain bonds to be issued by the Commonwealth

Yes: 11 • No: 0 • Other: 2

Actions Timeline

  1. Signed by the Governor, Chapter 48 of the Acts of 2025

    10/29/2025

  2. Enacted and laid before the Governor

    10/23/2025Senate

  3. Enacted

    10/23/2025House

  4. Emergency preamble adopted

    10/23/2025Senate

  5. Emergency preamble adopted

    10/22/2025House

  6. Read third and passed to be engrossed

    10/20/2025Senate

  7. Taken out of the Orders of the Day

    10/20/2025Senate

  8. Read, rules suspended, read second and ordered to a third reading

    10/16/2025Senate

  9. Read second, ordered to a third reading, rules suspended, read third and passed to be engrossed

    10/15/2025House

  10. Rules suspended

    10/15/2025House

  11. Committee reported that the matter be placed in the Orders of the Day for the next sitting

    10/15/2025House

  12. Committee recommended ought to pass and referred to the committee on House Steering, Policy and Scheduling

    10/14/2025House

  13. Bill reported favorably by committee and referred to the committee on House Ways and Means

    9/11/2025House

  14. Senate concurred

    8/18/2025Senate

  15. Read; and referred to the committee on Bonding, Capital Expenditures and State Assets

    8/14/2025House

Bill Text

  • Chapter 48 of the Acts of 2025

    10/29/2025

    PDF

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