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2 | 2 | | HOUSE DOCKET, NO. 2833 FILED ON: 1/19/2023 |
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3 | 3 | | HOUSE . . . . . . . . . . . . . . . No. 3275 |
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4 | 4 | | The Commonwealth of Massachusetts |
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5 | 5 | | _________________ |
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6 | 6 | | PRESENTED BY: |
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7 | 7 | | Antonio F. D. Cabral |
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8 | 8 | | _________________ |
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9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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10 | 10 | | Court assembled: |
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11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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12 | 12 | | An Act to fund public transit expansion. |
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13 | 13 | | _______________ |
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14 | 14 | | PETITION OF: |
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15 | 15 | | NAME:DISTRICT/ADDRESS :DATE ADDED:Antonio F. D. Cabral13th Bristol1/19/2023Christopher Hendricks11th Bristol1/26/2023Carol A. Doherty3rd Bristol1/30/2023Paul A. Schmid, III8th Bristol2/1/2023Vanna Howard17th Middlesex2/1/2023 1 of 28 |
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16 | 16 | | HOUSE DOCKET, NO. 2833 FILED ON: 1/19/2023 |
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17 | 17 | | HOUSE . . . . . . . . . . . . . . . No. 3275 |
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18 | 18 | | By Representative Cabral of New Bedford, a petition (accompanied by bill, House, No. 3275) of |
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19 | 19 | | Antonio F. D. Cabral and others for legislation to fund public transit expansion including the |
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20 | 20 | | establishment of certain fees. Transportation. |
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21 | 21 | | The Commonwealth of Massachusetts |
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22 | 22 | | _______________ |
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23 | 23 | | In the One Hundred and Ninety-Third General Court |
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24 | 24 | | (2023-2024) |
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25 | 25 | | _______________ |
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26 | 26 | | An Act to fund public transit expansion. |
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27 | 27 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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28 | 28 | | of the same, as follows: |
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29 | 29 | | 1 SECTION 1. Chapter 90 of the General Laws, as appearing in the 2020 Official Edition, |
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30 | 30 | | 2is hereby amended by: — |
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31 | 31 | | 3 (a) inserting after section 7Z the following section: - |
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32 | 32 | | 4 “Section 7Z1/2. Station Reporting Requirement. The registrar shall maintain a database |
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33 | 33 | | 5containing the mileage of every motor vehicle registered pursuant to this chapter. Every facility |
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34 | 34 | | 6licensed to conduct vehicle inspections pursuant to this chapter, shall, as part of said inspection, |
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35 | 35 | | 7record the make, model, owner’s name, license plate number, and mileage of each vehicle |
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36 | 36 | | 8inspected and shall report said information to the registrar and the commissioner. Said reports |
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37 | 37 | | 9shall be made electronically and said facilities shall have electronic access to the database |
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38 | 38 | | 10pursuant to procedures established by the registrar.”; and |
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39 | 39 | | 11 (b) inserting after section 34R the following sections: - 2 of 28 |
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40 | 40 | | 12 Section 34S. Vehicle Classification. For purposes of sections 34T and 34U only, the |
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41 | 41 | | 13registrar shall issue rules and regulations to classify all vehicles required to be registered by this |
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42 | 42 | | 14chapter into the following categories: zero emission vehicle, motorcycle, automobile, hybrid |
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43 | 43 | | 15automobile, light truck, heavy truck, hybrid truck, sports utility vehicle, hybrid sports utility |
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44 | 44 | | 16vehicle, van, luxury vehicle, motor home, trailer, other emission producing vehicle and rental |
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45 | 45 | | 17vehicle, which shall include all vehicles intended as of the date of registration to be used as a |
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46 | 46 | | 18rental vehicle. Said categories shall be known collectively as registration classes. When any such |
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47 | 47 | | 19vehicle is first registered pursuant to this chapter, the registrar shall identify said vehicle as a |
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48 | 48 | | 20member of one such registration class.”; |
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49 | 49 | | 21 Section 34T. Green Fee. The registrar or his authorized agents shall collect the following |
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50 | 50 | | 22fees, to be called green fees, each time a vehicle is registered or the vehicle registration is |
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51 | 51 | | 23renewed for any reason, in the following amounts: |
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52 | 52 | | 24 (1) For every automobile, hybrid truck and hybrid sports utility vehicle the fee shall be |
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53 | 53 | | 25$30 for a new or transfer registration and 2 year renewals, $15 for vehicles renewing annually. |
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54 | 54 | | 26 (2) For every zero emission vehicle, hybrid automobile and motorcycle the fee shall be |
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55 | 55 | | 27$15 for a new or transfer registration and for 2 year renewals, $7.50 for vehicles renewing |
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56 | 56 | | 28annually. |
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57 | 57 | | 29 (3) For every light truck, van, luxury vehicle and sports utility vehicle the fee shall be $40 |
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58 | 58 | | 30for a new or transfer registration and for 2 year renewals, $20 for vehicles renewing annually. |
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59 | 59 | | 31 (4) For every heavy truck, motor home and bus the fee shall be $85 for a new or transfer |
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60 | 60 | | 32registration and for 2 year renewals, $42.50 for vehicles renewing annually. 3 of 28 |
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61 | 61 | | 33 (5) For every other emission producing vehicle the fee shall be $60 for a new or transfer |
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62 | 62 | | 34registration and for 2 year renewals, $30 for vehicles renewing annually. |
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63 | 63 | | 35 (6) Any vehicle owned by any subdivision of the commonwealth and used solely for |
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64 | 64 | | 36official business and any vehicle identified in subsections 29, 30 and 33 of section 33 of chapter |
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65 | 65 | | 3790 shall be exempt from the green fee.”; |
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66 | 66 | | 38 Section 34U. Emissions Fee. At the time of each inspection required by section 7V, the |
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67 | 67 | | 39inspector shall collect and remit to the registrar the following fee, to be called an emissions fee. |
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68 | 68 | | 40Said fee shall equal $0.001 per mile for each mile driven by the vehicle since the vehicle’s last |
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69 | 69 | | 41inspection, calculated using the mileage reports recorded in the database maintained by the |
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70 | 70 | | 42registrar pursuant to section 7Z1/1, or, if the vehicle has not yet had 2 required inspections, equal |
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71 | 71 | | 43to the vehicle’s mileage at the inspection.”; |
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72 | 72 | | 44 Section 34V. Car Rental Fee. There shall be a surcharge of 5 per cent of the total cost of |
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73 | 73 | | 45each vehicular rental transaction contract in the commonwealth, which shall be administered by |
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74 | 74 | | 46the commissioner of revenue. Each vendor shall collect the surcharge and remit it to the |
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75 | 75 | | 47department of revenue on a monthly basis. All provisions of chapter 62C of the General Laws |
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76 | 76 | | 48relative to assessment, collection, payment, abatement, verification and administration, including |
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77 | 77 | | 49penalties and interest, shall, so far as pertinent, apply to this surcharge as though it were a tax |
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78 | 78 | | 50enumerated in section 2 of said chapter 62C.”; and |
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79 | 79 | | 51 Section 34W. Parking Rental Fee. There shall be a surcharge of 5 per cent of the total |
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80 | 80 | | 52cost charged to park a vehicle in the commonwealth, which shall be administered by the |
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81 | 81 | | 53commissioner of revenue. Each vendor shall collect the surcharge and remit it to the department |
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82 | 82 | | 54of revenue on a monthly basis. All provisions of chapter 62C of the General Laws relative to 4 of 28 |
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83 | 83 | | 55assessment, collection, payment, abatement, verification and administration, including penalties |
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84 | 84 | | 56and interest, shall, so far as pertinent, apply to this surcharge as though it were a tax enumerated |
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85 | 85 | | 57in section 2 of said chapter 62C. Said surcharge shall not apply to parking owned by the |
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86 | 86 | | 58commonwealth or a subdivision or authority thereof.”. |
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87 | 87 | | 59 SECTION 2. Section 13 of chapter 6C of the General Laws, as appearing in the 2018 |
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88 | 88 | | 60Official Edition, is hereby amended by adding the following subsection: |
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89 | 89 | | 61 (d) Tolls on Large Commercial Trucks Only. |
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90 | 90 | | 62 (1) Notwithstanding subsection (c), the department may further charge and collect, and |
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91 | 91 | | 63from time to time, fix and revise tolls paid by large commercial trucks, as defined pursuant to |
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92 | 92 | | 64Federal Highway Administration (FHWA) vehicle classification schedule as any vehicle within |
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93 | 93 | | 65Class 8 —single trailer, 3 or 4 axles up to and including Class 13—7 or more axle multi-trailer |
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94 | 94 | | 66trucks, as such classifications may be revised from time to time by the FHWA, for the privilege |
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95 | 95 | | 67of traveling on Massachusetts roads, including — |
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96 | 96 | | 68 (i) on Route 95 Rhode Island to Route 95 New Hampshire, or the reverse; |
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97 | 97 | | 69 (ii) on Route 91 Connecticut to Route 91 New Hampshire, or the reverse; |
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98 | 98 | | 70 (iii) on Route 93 Massachusetts to Route 93 New Hampshire, or the reverse; and |
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99 | 99 | | 71 (iv) any other trip designated by the department. |
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100 | 100 | | 72 (2) Such tolls shall be collected on large commercial trucks only and may not be |
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101 | 101 | | 73collected on any other vehicle; provided, however, no vehicle shall be tolled other than a tractor |
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102 | 102 | | 74or truck tractor as defined in 23 C.F.R. 658.5, pulling a trailer or trailers. 5 of 28 |
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103 | 103 | | 75 SECTION 3. The General Laws, as appearing in the 2018 Official Edition, are hereby |
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104 | 104 | | 76amended by inserting after chapter 161D the following chapter:- |
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105 | 105 | | 77 CHAPTER 161E |
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106 | 106 | | 78 TRANSPORTATION AND ENVIRONMENT EQUITY FUND |
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107 | 107 | | 79 Section 1. Definitions. In this chapter— |
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108 | 108 | | 80 (a) the term “car rental fee” means the fee established pursuant to section 34V of chapter |
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109 | 109 | | 8190; |
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110 | 110 | | 82 (b) the term “cost” as applied to a project and the site thereof, means all costs, whenever |
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111 | 111 | | 83incurred, of acquiring land and of acquiring, developing, constructing, improving, furnishing, |
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112 | 112 | | 84equipping, finishing and carrying out a project and placing the same in operation, including |
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113 | 113 | | 85without limiting the generality of the foregoing, the cost of all lands, property, rights, easements |
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114 | 114 | | 86and interests acquired pursuant hereto and all labor, materials, machinery and equipment |
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115 | 115 | | 87necessary to carry out a project and place the same in operation, financing charges, interest prior |
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116 | 116 | | 88to and during construction and for a period not exceeding two years after completion of |
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117 | 117 | | 89construction, the cost of environmental investigation, analyses and remediation, the cost of |
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118 | 118 | | 90demolition and removal of any buildings or structures on lands acquired and removal or |
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119 | 119 | | 91relocation of any public utilities and other facilities, relocation payments as defined in, and any |
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120 | 120 | | 92other costs of relocation assistance required under chapter 79A of the General Laws and this |
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121 | 121 | | 93chapter, the costs of architectural, engineering and legal services, plans, specifications, surveys, |
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122 | 122 | | 94estimates of cost and of revenues, other expenses necessary or incident to determining the |
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123 | 123 | | 95feasibility or practicability of the project, administrative, marketing and promotion expenses, 6 of 28 |
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124 | 124 | | 96reserves for debt service, and other capital and current expenses and such other expenses as may |
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125 | 125 | | 97be necessary or incident to the construction of a project and the acquisition of land therefore; |
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126 | 126 | | 98 (c) the term “emissions fee” means the fee established pursuant to section 34U of chapter |
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127 | 127 | | 9990; |
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128 | 128 | | 100 (d) the term “green fee” means the fee established pursuant to section 34T of chapter 90; |
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129 | 129 | | 101 (e) the term “MassDOT” means the Massachusetts department of transportation, |
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130 | 130 | | 102established pursuant to chapter 6A, or its successor; |
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131 | 131 | | 103 (f) the term “operating costs” means all direct costs, whenever incurred, of operating a |
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132 | 132 | | 104project that received funding from the Fund pursuant to this chapter; |
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133 | 133 | | 105 (g) the term “parking rental fee” means the fee established pursuant to section 34W of |
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134 | 134 | | 106chapter 90; |
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135 | 135 | | 107 (h) the term “project” means the planning, design, acquisition, development, |
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136 | 136 | | 108construction, expansion, rehabilitation, improvement, furnishing, equipping and finishing or any |
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137 | 137 | | 109combination of the foregoing, necessary to provide subway or commuter rail service to a |
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138 | 138 | | 110municipality that does not have such service or to increase the frequency or speed of such service |
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139 | 139 | | 111to a community that the secretary determines is underserved by its existing subway or commuter |
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140 | 140 | | 112rail service or to expand access by road to a municipality or municipalities that the secretary |
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141 | 141 | | 113deems would not be well served by subway or commuter rail service, together with all necessary |
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142 | 142 | | 114and related furnishings, machinery, equipment, facilities, approaches, driveways, walkways, |
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143 | 143 | | 115parking facilities, roadways, public transportation and landscaping, and including without |
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144 | 144 | | 116limitation the acquisition of lands or other property, or rights, easements, and interests acquired 7 of 28 |
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145 | 145 | | 117for or in respect of any such lands or property for a project, the demolition or removal of any |
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146 | 146 | | 118buildings or structures on lands so acquired or in or with respect to which interests are so |
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147 | 147 | | 119acquired, relocation payments and other assistance therefore, and site preparation and |
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148 | 148 | | 120environmental remediation. Notwithstanding the foregoing, project may not include funds for |
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149 | 149 | | 121routine maintenance to existing subway or commuter rail facilities or for capital projects to |
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150 | 150 | | 122improve the accessibility of existing infrastructure for passengers with disabilities or to improve |
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151 | 151 | | 123access to existing service, such as parking expansion, installation of bicycle racks or |
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152 | 152 | | 124improvements to pedestrian approaches; |
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153 | 153 | | 125 (i) the term “registrar” means the registrar of motor vehicles, established pursuant to |
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154 | 154 | | 126chapter 90; and |
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155 | 155 | | 127 (j) the term “secretary” means the secretary of MassDOT. |
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156 | 156 | | 128 Section 2. Creation of the Massachusetts Transportation and Environment Equity Fund. |
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157 | 157 | | 129 There shall be established and set up on the books of the commonwealth a separate fund, |
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158 | 158 | | 130to be known as the Massachusetts Transportation and Environment Equity Fund (in this chapter |
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159 | 159 | | 131referred to as the “Fund”), consisting of amounts credited to the fund in accordance with section |
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160 | 160 | | 1323. The Fund shall be administered in accordance with the provisions of this chapter by the state |
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161 | 161 | | 133treasurer and shall be held in trust exclusively for the purposes and the beneficiaries described |
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162 | 162 | | 134herein. The state treasurer shall be treasurer-custodian of the Fund and shall have the custody of |
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163 | 163 | | 135its moneys and securities. |
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164 | 164 | | 136 Section 3. The Massachusetts Transportation and Environment Equity Fund. 8 of 28 |
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165 | 165 | | 137 (a) The following receipts shall be credited to, and deposited by the state treasurer into |
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166 | 166 | | 138the Fund and used in accordance with this section: |
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167 | 167 | | 139 (1) The proceeds from $0.02 per gallon of the fee collected in the previous fiscal year, |
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168 | 168 | | 140pursuant to chapter 21J of the General Laws. |
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169 | 169 | | 141 (2) The green fee. |
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170 | 170 | | 142 (3) The emissions fee. |
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171 | 171 | | 143 (4) The car rental fee. |
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172 | 172 | | 144 (5) The parking rental fee. |
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173 | 173 | | 145 (6) The proceeds from the commercial truck toll, as described in section 13(d) of chapter |
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174 | 174 | | 1466C. |
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175 | 175 | | 147 (b) In accordance with section 7 of this chapter, the local project receipts shall be credited |
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176 | 176 | | 148to, and deposited by the state treasurer in the Fund and shall be kept in segregated accounts for |
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177 | 177 | | 149each project to be used in accordance with this chapter. |
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178 | 178 | | 150 Section 4. Capital Investment Projects. |
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179 | 179 | | 151 (a) In General. Notwithstanding any General Law or special law to the contrary, the |
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180 | 180 | | 152secretary shall annually rank all projects contained in MassDOT’s capital investment program. |
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181 | 181 | | 153The secretary shall group said projects into 2 groups in accordance with subsection (b). |
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182 | 182 | | 154 (b) Project Groupings. 9 of 28 |
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183 | 183 | | 155 (1) The first group of ranked projects, as defined in subsection (a), shall include those of |
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184 | 184 | | 156said projects that would provide new rail service to a city or town in the commonwealth that does |
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185 | 185 | | 157not have a commuter rail stop within its borders or, if a project would establish new stations in |
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186 | 186 | | 158more than one city or town, those projects that would provide new subway or commuter rail |
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187 | 187 | | 159service to cities or towns in the commonwealth half or more of whom do not have a subway or |
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188 | 188 | | 160commuter rail stop within their borders. |
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189 | 189 | | 161 (2) The second group of ranked projects, as defined in subsection (a), shall include all |
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190 | 190 | | 162projects contained in said capital investment program that are not included in the first group, as |
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191 | 191 | | 163defined in paragraph (1). The secretary shall rank the projects within each group based on each |
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192 | 192 | | 164project’s performance relative to the other projects in that group on the following evaluation |
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193 | 193 | | 165criteria: |
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194 | 194 | | 166 (i) The cost effectiveness of air quality improvements which the capital investment |
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195 | 195 | | 167program predicts a project would achieve. |
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196 | 196 | | 168 (ii) The project’s projected cost per rider. |
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197 | 197 | | 169 (iii) The likely economic benefits of a project. |
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198 | 198 | | 170 (iv) The likelihood that a project will result in smart growth development, rather than |
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199 | 199 | | 171sprawl. |
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200 | 200 | | 172 (v) Whether a project would serve any environmental justice target, all as defined and |
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201 | 201 | | 173described in the capital investment program. |
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202 | 202 | | 174 (3) The secretary shall report said ranking of projects, described in paragraphs (1) and |
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203 | 203 | | 175(2), along with the secretary’s reasons therefore to the clerk of the senate and the clerk of the 10 of 28 |
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204 | 204 | | 176house and the joint committee on transportation and the house and senate committees on |
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205 | 205 | | 177bonding, capital expenditures and state assets no later than January 31 of each year. |
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206 | 206 | | 178 Section 5. Project Notification and Reports. |
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207 | 207 | | 179 (a) The secretary shall notify the state treasurer and the clerks of the senate and of the |
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208 | 208 | | 180house in writing when the secretary determines— |
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209 | 209 | | 181 (1) that the Fund contains and is likely to continue to contain funds, less those funds |
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210 | 210 | | 182already committed to other projects but including those local project revenues dedicated to a |
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211 | 211 | | 183project pursuant to this chapter, necessary to cover— |
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212 | 212 | | 184 (i) the cost of the project ranked first in the first group, as described in section 4(b)(1) by |
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213 | 213 | | 185the secretary pursuant to section 4, less all other funds available to MassDOT to cover such cost, |
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214 | 214 | | 186calculated based on not less than 105 per cent of the debt service on all special obligation bonds |
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215 | 215 | | 187to be issued pursuant to section 17 that are required to cover the cost of such project; and |
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216 | 216 | | 188 (ii) the amount of any projected annual operating deficit determined by MassDOT, |
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217 | 217 | | 189calculated as the average of the projected operating deficits of the first 10 years of the project’s |
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218 | 218 | | 190operation; and |
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219 | 219 | | 191 (2) that all plans, approvals, licenses and permits necessary to begin construction of said |
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220 | 220 | | 192project are in MassDOT’s possession. Upon the sale of bonds by the state treasurer for a project |
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221 | 221 | | 193described herein, that project shall be removed from the secretary’s group rankings made |
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222 | 222 | | 194pursuant to section 4. 11 of 28 |
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223 | 223 | | 195 (b) Subsequent to the first project having been removed from the secretary’s group |
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224 | 224 | | 196rankings pursuant to subsection (a), the secretary shall notify the state treasurer and the clerks of |
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225 | 225 | | 197the senate and of the house in writing when the secretary determines— |
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226 | 226 | | 198 (1) that the Fund contains and is likely to continue to contain funds, minus those funds |
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227 | 227 | | 199already committed to other projects but including those local project revenues dedicated to a |
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228 | 228 | | 200project pursuant to this chapter, necessary to cover— |
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229 | 229 | | 201 (i) the cost of either or both, if available funds exist, of the projects ranked first in |
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230 | 230 | | 202grouped projects, as described in section 4(b), by the secretary pursuant to section 4 less all other |
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231 | 231 | | 203funds available to MassDOT to cover such cost, calculated based on not less than 105 per cent of |
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232 | 232 | | 204the debt service on all special obligation bonds to be issued pursuant hereto that are required to |
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233 | 233 | | 205cover the cost of such project; and |
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234 | 234 | | 206 (ii) the amount of any projected annual operating deficit determined by MassDOT, |
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235 | 235 | | 207calculated as the average of the projected operating deficits of the first 10 years of the project’s |
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236 | 236 | | 208operation; and |
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237 | 237 | | 209 (2) that all plans, approvals, licenses and permits necessary to begin construction of said |
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238 | 238 | | 210project are in MassDOT’s possession. Upon the sale of bonds by the state treasurer for a project |
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239 | 239 | | 211pursuant hereto, that the project shall be removed from the secretary’s group rankings, as |
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240 | 240 | | 212described in section 4(b). |
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241 | 241 | | 213 (c) No later than 90 days after receiving said determination, the secretary shall certify to |
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242 | 242 | | 214the state treasurer that the secretary has received said determination and that said determination |
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243 | 243 | | 215meets the requirements of this chapter and shall name the next project to be funded. In making 12 of 28 |
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244 | 244 | | 216this choice, the secretary shall continue to give preference, in the secretary’s discretion, to the |
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245 | 245 | | 217first group projects, as described in section 4(b)(1). |
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246 | 246 | | 218 (d) Determinations described in subsections (a) and (b), shall include — |
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247 | 247 | | 219 (1) project plans sufficiently complete to indicate the project’s boundaries, such land |
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248 | 248 | | 220acquisition, demolition and removal of structures, and such redevelopment and general public |
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249 | 249 | | 221improvements, as may be proposed to be carried out and proposed land uses including |
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250 | 250 | | 222preliminary project designs and a description of the project programs; |
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251 | 251 | | 223 (2) the proposed method for relocation of persons and organizations to be displaced by |
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252 | 252 | | 224the project, if any; |
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253 | 253 | | 225 (3) cost estimates of the project, including acquisition, and identification of parcels to be |
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254 | 254 | | 226acquired and the estimated cost thereof; |
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255 | 255 | | 227 (4) proposals for informing and communicating with the affected communities; and |
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256 | 256 | | 228 (5) a description of measures to mitigate environmental and neighborhood impacts of the |
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257 | 257 | | 229project and such other planning and urban design issues as MassDOT shall determine are |
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258 | 258 | | 230presented by the project. |
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259 | 259 | | 231 (e) MassDOT’s Right of Entry with Respect to Report Filings. |
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260 | 260 | | 232 (1) In connection with the preparation of the plans described in subsection (d) and |
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261 | 261 | | 233MassDOT’s exercise of its powers under this chapter, MassDOT and its authorized agents and |
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262 | 262 | | 234contractors may enter onto any properties and the improvements thereon and undertake |
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263 | 263 | | 235appraisals, surveys, environmental analyses and investigations, including subsurface 13 of 28 |
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264 | 264 | | 236investigations, permitting analyses and investigations, and other investigations and analyses, for |
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265 | 265 | | 237the purpose of determining the value and condition of such properties. |
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266 | 266 | | 238 (2) Prior to any such entry pursuant to this subsection, MassDOT shall provide 20 days |
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267 | 267 | | 239written notice by certified mail to the owners of properties, as such owners are recorded in the |
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268 | 268 | | 240office of the city assessor. |
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269 | 269 | | 241 (3) Such entry, appraisals, surveys, analyses and investigations shall not be deemed a |
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270 | 270 | | 242trespass, a taking by eminent domain or an entry under any eminent domain or condemnation |
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271 | 271 | | 243proceedings. |
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272 | 272 | | 244 (4) MassDOT shall make reimbursement for any actual injury or actual damage resulting |
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273 | 273 | | 245to such properties and any improvements thereon from the entry, appraisals, surveys, analyses |
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274 | 274 | | 246and investigations authorized hereunder, and MassDOT shall, as far as possible, restore such |
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275 | 275 | | 247properties and the improvements thereon to their condition prior to such entry, appraisals, |
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276 | 276 | | 248surveys, analyses and investigations. |
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277 | 277 | | 249 (5) Without derogating from the foregoing, MassDOT is hereby authorized to exercise |
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278 | 278 | | 250the power of eminent domain as provided in section 11(d) of chapter 121B of the General Laws |
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279 | 279 | | 251in order to temporarily obtain access to properties and the improvements thereon for MassDOT |
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280 | 280 | | 252and its agents and contractors for the purpose of conducting the appraisals, surveys, analyses and |
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281 | 281 | | 253investigations authorized by this chapter. If MassDOT restores the properties and improvements |
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282 | 282 | | 254as required hereunder, the damages for the temporary taking hereby authorized shall be nominal |
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283 | 283 | | 255in the absence of extraordinary circumstances unique to particular properties. |
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284 | 284 | | 256 Section 6. In order to provide for a portion of the costs of each project and the payment of |
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285 | 285 | | 257the principal of and interest on special obligation bonds of the commonwealth issued pursuant 14 of 28 |
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286 | 286 | | 258hereto, there is hereby established on the first day of the first full calendar year following the |
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287 | 287 | | 259notifications made by the secretary described in section 5 district improvement financing districts |
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288 | 288 | | 260in the city or town or any portion thereof that will receive one or more new stations or enhanced |
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289 | 289 | | 261service as part of said project and any portion of any other city or town designated by the |
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290 | 290 | | 262governor that is adjacent to a city or town that will receive one or more new stations or enhanced |
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291 | 291 | | 263service as part of said project, which shall operate in accordance with the provisions of section 1 |
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292 | 292 | | 264of chapter 40Q. |
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293 | 293 | | 265 Section 7. Commencing on the first day of the first full calendar year following the |
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294 | 294 | | 266notifications by the secretary described in section 5, the receipts collected pursuant to section 6, |
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295 | 295 | | 267together with investment earnings thereon, shall be credited to, and deposited by the state |
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296 | 296 | | 268treasurer in the segregated account within the Fund created by the state treasurer for each project |
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297 | 297 | | 269pursuant to section 3. Notwithstanding section 35J of chapter 10, amounts described in this |
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298 | 298 | | 270section shall not be included in the computation of the amount to be deposited in the |
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299 | 299 | | 271Massachusetts Tourism Fund pursuant to said section 35J. |
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300 | 300 | | 272 Section 8. For all projects constructed pursuant to this chapter all construction employees |
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301 | 301 | | 273employed in the construction of said project shall be paid no less than the wage rate established |
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302 | 302 | | 274for such work pursuant to a project labor agreement with the appropriate labor organization or |
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303 | 303 | | 275labor organizations, which includes— |
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304 | 304 | | 276 (a) a uniform grievance and arbitration procedure for the resolution of work-related |
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305 | 305 | | 277disputes on job sites; |
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306 | 306 | | 278 (b) mutually agreeable uniform work rules and schedules for the project; and 15 of 28 |
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307 | 307 | | 279 (c) an obligation for any such labor organization and its constituent members not to strike |
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308 | 308 | | 280with respect to work on such project, provided that it shall not be a precondition to the award of a |
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309 | 309 | | 281contract that a bidder have previously entered into a collective bargaining agreement with a labor |
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310 | 310 | | 282organization, but only that the bidder be willing to execute and comply with said project labor |
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311 | 311 | | 283agreement for the project if it is awarded a contract. |
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312 | 312 | | 284 Section 9. Expenditures of Fund Funds. |
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313 | 313 | | 285 (a) Expenditures from Fund funds not segregated pursuant to section 3 shall be made for |
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314 | 314 | | 286the following purposes only if and when the amounts available in each project’s segregated fund, |
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315 | 315 | | 287created pursuant to section 3, are inadequate to the meet the cost or operating costs of that |
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316 | 316 | | 288Project: |
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317 | 317 | | 289 (1) For the payment of the principal, including sinking fund payments and premium, if |
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318 | 318 | | 290any, and interest on special obligation bonds of the commonwealth issued pursuant hereto and on |
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319 | 319 | | 291notes issued in anticipation of such bonds for the relevant project. |
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320 | 320 | | 292 (2) For the maintenance of, or provision for, any reserves for debt service and other |
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321 | 321 | | 293capital and current expenses, including without limitation any capital reserve fund created for |
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322 | 322 | | 294such purpose, and for any additional security, insurance or other form of credit enhancement |
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323 | 323 | | 295required or provided for in any trust or other security agreement entered into pursuant to this |
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324 | 324 | | 296chapter to secure such bonds. |
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325 | 325 | | 297 (3) For direct expenditure for any cost of a project funded pursuant to this chapter and for |
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326 | 326 | | 298the operation, promotion and marketing thereof incurred by MassDOT. 16 of 28 |
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327 | 327 | | 299 (b) Should the secretary determine that amounts contained in the Fund exceed those |
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328 | 328 | | 300necessary to fund project costs, the state treasurer shall transfer at the direction of the secretary |
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329 | 329 | | 301up to $25,000,000 annually into the Regional Transit Authorities Forward Funding Trust Fund, |
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330 | 330 | | 302created by section 63A of chapter 10 of the General Laws. After any such transfer, the secretary |
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331 | 331 | | 303may direct some or all of the balance of the Fund to MassDOT to cover costs incurred by |
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332 | 332 | | 304MassDOT for any purposes. |
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333 | 333 | | 305 Section 10. MassDOT Acquisition of Property. |
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334 | 334 | | 306 (a) MassDOT shall acquire all lands, properties, rights, air rights, sub-surface rights, |
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335 | 335 | | 307easements and other interests necessary to complete the projects. |
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336 | 336 | | 308 (b) Acquisition Authority. |
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337 | 337 | | 309 (1) For purposes of this section, MassDOT may take by eminent domain under chapter 79 |
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338 | 338 | | 310or chapter 80A of the General Laws, or acquire by purchase, lease, gift, bequest, grant or |
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339 | 339 | | 311otherwise from any party, public or private, and hold, clear, repair, operate and, after having |
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340 | 340 | | 312taken or acquired the same, convey as provided in this chapter, any lands and other property, real |
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341 | 341 | | 313or personal, improved or unimproved, tangible or intangible, and any interest therein, including, |
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342 | 342 | | 314to the extent not inconsistent with federal law, railroad properties, necessary to complete the |
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343 | 343 | | 315projects, as stipulated in the reports to be produced pursuant to section 5, after a public hearing |
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344 | 344 | | 316of which the land owners of record have been notified by certified mail and of which at least 20 |
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345 | 345 | | 317days’ notice has been given by publication in a newspaper having general circulation in the city |
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346 | 346 | | 318in which the land is located; provided, however, that no such taking or acquisition shall be |
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347 | 347 | | 319effected until 30 days after MassDOT has notified the land owner of record by certified mail and 17 of 28 |
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348 | 348 | | 320has caused a notice of such determination to be published in a newspaper having general |
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349 | 349 | | 321circulation in the city in which the land is located. |
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350 | 350 | | 322 (2) The value of any lands or real property acquired by MassDOT by eminent domain |
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351 | 351 | | 323shall be reduced by the costs necessary to remediate the environment of said site. |
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352 | 352 | | 324 (3) To the extent not inconsistent with Federal law, the taking or other acquisition by |
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353 | 353 | | 325MassDOT of railroad rights of way or related facilities from any department, authority, agency |
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354 | 354 | | 326or political subdivision of the commonwealth, from any railroad company, or from any other |
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355 | 355 | | 327party, shall be exempt from the procedures, findings and requirements of section 7 of chapter |
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356 | 356 | | 328161C of the General Laws. |
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357 | 357 | | 329 (c) For purposes of any constitutional entitlement to damages in the event of a taking, all |
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358 | 358 | | 330properties and interests taken by MassDOT by eminent domain by any subdivision of the |
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359 | 359 | | 331commonwealth are being held by MassDOT in a governmental and not a proprietary capacity |
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360 | 360 | | 332and it is not the intent of this chapter to confer on MassDOT any rights to damages for such |
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361 | 361 | | 333taking. Any such taking of property shall be effective notwithstanding any inconsistent prior |
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362 | 362 | | 334public use. MassDOT may make relocation payments to persons and businesses displaced as a |
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363 | 363 | | 335result of carrying out a project and shall otherwise provide relocation assistance as provided in |
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364 | 364 | | 336chapter 79A and chapter 121B of the General Laws. To the extent not inconsistent with federal |
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365 | 365 | | 337law, if there is a taking or other acquisition of railroad lines, rights of way, easements or related |
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366 | 366 | | 338facilities from any party, MassDOT shall relocate such railroad lines. |
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367 | 367 | | 339 (d) MassDOT shall have all the powers necessary and convenient to carry out the |
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368 | 368 | | 340purposes of this chapter. Without limiting the generality of the foregoing, MassDOT may |
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369 | 369 | | 341exercise with respect to the projects and any property acquired in accordance with this section all 18 of 28 |
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370 | 370 | | 342powers, and shall have all immunities, consistent with this chapter, granted to operating |
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371 | 371 | | 343agencies, as defined in chapter 121B of the General Laws or otherwise granted to MassDOT |
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372 | 372 | | 344under any General Law or special law. |
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373 | 373 | | 345 (e) MassDOT is hereby authorized and directed to prepare or cause to be prepared a |
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374 | 374 | | 346report in accordance with section 62B of chapter 30 of the General Laws for those of the projects |
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375 | 375 | | 347for which such a report has not yet been prepared or is no longer valid at the time required by |
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376 | 376 | | 348law. Notwithstanding the provisions of sections 62 to 62H, inclusive, of said chapter 30, |
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377 | 377 | | 349MassDOT may commence and undertake research, planning, design and other work necessary |
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378 | 378 | | 350for the projects and may engage an owner's representative, architects and engineers and a |
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379 | 379 | | 351construction manager therefore for each project individually, and MassDOT may take all actions |
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380 | 380 | | 352necessary or appropriate or required for acquisition of lands, air rights, sub-surface rights or |
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381 | 381 | | 353other property interests prior to the publication of a final environmental impact report pursuant to |
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382 | 382 | | 354this section and section 62C of said chapter 30; provided, however, that MassDOT shall not |
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383 | 383 | | 355record a notice of taking with respect to any lands or other property by eminent domain as |
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384 | 384 | | 356provided in this section until the secretary of energy and environmental affairs has issued a |
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385 | 385 | | 357notice of availability of a report submitted to said secretary in accordance with said section 62C |
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386 | 386 | | 358which demonstrates to the satisfaction of said secretary that a project may be carried out with |
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387 | 387 | | 359appropriate mitigation measures as may be necessary to minimize and prevent damage to the |
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388 | 388 | | 360environment. |
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389 | 389 | | 361 (f) MassDOT shall be excluded from the definition of an owner or operator of a project |
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390 | 390 | | 362with respect to releases of hazardous materials that occur before MassDOT acquires ownership |
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391 | 391 | | 363of any portion of a site pursuant to this chapter upon or from which such a release may occur as |
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392 | 392 | | 364if MassDOT were a city or town that has purchased or taken such land for the nonpayment of 19 of 28 |
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393 | 393 | | 365taxes, in accordance with the definition of "owner" or "operator" contained in paragraph (d) of |
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394 | 394 | | 366section 2 of chapter 21E of the General Laws; provided, however, that MassDOT complies with |
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395 | 395 | | 367all of the requirements set forth in paragraphs (d)(2) and (d)(3) of said section 2 of said chapter |
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396 | 396 | | 36821E, except that MassDOT shall have no obligation to comply with subsection (d)(3)(F) of said |
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397 | 397 | | 369section 2 of said chapter 21E. |
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398 | 398 | | 370 Section 11. MassDOT Requirements. |
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399 | 399 | | 371 (a) No person shall be precluded by chapters 7 or 268A of the General Laws from |
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400 | 400 | | 372participating by contract or otherwise in the activities of the commonwealth or MassDOT with |
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401 | 401 | | 373regard to the planning, acquisition, construction and operation of a project contained in this |
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402 | 402 | | 374chapter solely by reason of a financial interest, direct or indirect, in any contract or extension |
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403 | 403 | | 375thereof for services with respect to the project report or otherwise with respect to the |
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404 | 404 | | 376development of the project executed by such person with the commonwealth or MassDOT prior |
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405 | 405 | | 377to the effective date hereof. For purposes of the foregoing, MassDOT shall have all of the powers |
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406 | 406 | | 378granted to it by General Law or special law not inconsistent with this chapter. Each project shall |
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407 | 407 | | 379be exempt from compliance with applicable zoning codes and any regulations promulgated |
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408 | 408 | | 380thereunder. |
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409 | 409 | | 381 (b) MassDOT shall prepare quarterly reports for each project described by this chapter. |
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410 | 410 | | 382Said quarterly reports shall be submitted to the secretary of the executive office for |
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411 | 411 | | 383administration and finance, the house ways and means committee, the senate ways and means |
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412 | 412 | | 384committee, the clerk of the house and the clerk of the senate and posted on line on the MassDOT |
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413 | 413 | | 385website and shall include— |
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414 | 414 | | 386 (1) the total dollars expended on the project to date, 20 of 28 |
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415 | 415 | | 387 (2) the number of contracts entered into to date; |
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416 | 416 | | 388 (3) the number of contracts entered into with minority businesses; |
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417 | 417 | | 389 (4) the number of contracts entered into with women-owned businesses; |
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418 | 418 | | 390 (5) the dollar value of contracts entered into with minority businesses; |
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419 | 419 | | 391 (6) the dollar value of contracts entered into with women-owned businesses; |
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420 | 420 | | 392 (7) the total number of employees working on the project; and |
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421 | 421 | | 393 (8) the total number of employees working on the project, broken down by race, ethnicity |
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422 | 422 | | 394and gender. |
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423 | 423 | | 395 Section 12. Upon the secretary’s certification of receipt of a determination made pursuant |
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424 | 424 | | 396to section 6, the state treasurer shall issue bonds in such amounts and at such time as the state |
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425 | 425 | | 397treasurer determines, after consultation with the secretary and MassDOT, necessary to meet the |
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426 | 426 | | 398expenditures required for the project which is the subject of said determination. Any such bonds |
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427 | 427 | | 399shall be special obligations of the commonwealth payable first from the project funds created |
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428 | 428 | | 400pursuant to section 7 to the extent available and second from the unsegregated funds described in |
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429 | 429 | | 401section 3. |
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430 | 430 | | 402 Section 13. The administration of the fees imposed under section 6 is hereby vested in the |
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431 | 431 | | 403commissioner of revenue. Said fees shall be collected by the municipal tax officials and remitted |
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432 | 432 | | 404to the department of revenue on a quarterly basis. All provisions of this chapter relative to |
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433 | 433 | | 405assessment, collection, payment, abatement, verification and administration, including penalties |
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434 | 434 | | 406and interest, shall, so far as pertinent, be applicable to the fees imposed by this chapter as though |
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435 | 435 | | 407they were taxes enumerated in section 2 of chapter 62C. 21 of 28 |
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436 | 436 | | 408 Section 14. MassDOT or its successor shall pursue any Federal funds for which the |
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437 | 437 | | 409projects, or any portions thereof, are eligible and to seek or coordinate with partners where |
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438 | 438 | | 410warranted. |
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439 | 439 | | 411 Section 15. Regional Planning Agencies. |
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440 | 440 | | 412 (a) MassDOT shall choose a regional planning agency or agencies established pursuant to |
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441 | 441 | | 413chapter 40B to conduct corridor land use planning for the projects. Each regional planning |
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442 | 442 | | 414agency or agencies shall work with municipalities, state agencies and other stakeholders to |
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443 | 443 | | 415complete land use corridor plans. Each land use corridor plan shall include the necessary actions |
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444 | 444 | | 416to be taken by municipal or state government, including zoning and other bylaw changes, in |
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445 | 445 | | 417order to maximize the long term benefit of the expansion, preserve capacity added by the project, |
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446 | 446 | | 418promote sustainable economic and residential development, protect critical open space and other |
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447 | 447 | | 419natural resources, and mitigate environmental and neighborhood impacts, including sprawl and |
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448 | 448 | | 420gentrification. |
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449 | 449 | | 421 (b) MassDOT or its successor shall not begin construction on new rail stations to be |
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450 | 450 | | 422completed pursuant to chapter 161E until the secretary finds that the municipality in which the |
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451 | 451 | | 423station would be located has taken substantial actions to implement the applicable provisions and |
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452 | 452 | | 424requirements of the corridor land use plan and have taken actions to reasonably ensure ongoing |
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453 | 453 | | 425implementation of the plan after construction is complete. |
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454 | 454 | | 426 (c) One-tenth of one per cent of the cost of each project shall be used for corridor land |
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455 | 455 | | 427use planning pursuant to this section, and shall be allocated from the Fund to the regional |
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456 | 456 | | 428planning agencies identified by MassDOT for the purposes of corridor land use planning 22 of 28 |
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457 | 457 | | 429pursuant to this section. Each regional planning agency receiving funds shall file a report with |
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458 | 458 | | 430MassDOT and the house and senate committees on ways and means detailing their activities. |
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459 | 459 | | 431 Section 16. The provisions of this chapter shall be deemed to provide an exclusive, |
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460 | 460 | | 432additional, alternative and complete method for the doing of the things authorized hereby and |
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461 | 461 | | 433shall be deemed and construed to be supplemental and additional to, and not in derogation of, |
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462 | 462 | | 434powers conferred upon MassDOT or its successor; provided, however, that insofar as the |
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463 | 463 | | 435provisions of this chapter are inconsistent with the provisions of any General Law or special law, |
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464 | 464 | | 436administrative order or regulation or any limitation imposed by a corporate or municipal charter, |
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465 | 465 | | 437the provisions of this chapter shall be controlling. |
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466 | 466 | | 438 Section 17. Bonding Authority. |
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467 | 467 | | 439 (a) To meet the expenditures necessary to carry out the provisions of section 2, the state |
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468 | 468 | | 440treasurer may issue and sell bonds of the commonwealth in any amount. Any such bonds shall be |
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469 | 469 | | 441special obligations of the commonwealth payable first from the project funds described in |
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470 | 470 | | 442section 7 to the extent available and second from the receipts described in section 3 to the extent |
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471 | 471 | | 443available. |
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472 | 472 | | 444 (b) Bonds of the commonwealth may be issued under authority of this section in such |
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473 | 473 | | 445manner and on such terms and conditions as the state treasurer, with the concurrence of the |
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474 | 474 | | 446secretary of administration and finance, may determine in accordance with the provisions of this |
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475 | 475 | | 447subsection and, to the extent not inconsistent with the provisions hereof, provisions of General |
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476 | 476 | | 448Law for the issuance of bonds of the commonwealth. Bonds may be secured by a trust agreement |
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477 | 477 | | 449or other security agreement entered into by the state treasurer, with the concurrence of the |
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478 | 478 | | 450secretary of administration and finance, on behalf of the commonwealth, which trust agreement 23 of 28 |
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479 | 479 | | 451or other security agreement may pledge or assign all or any part of the local project receipts |
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480 | 480 | | 452credited to the fund pursuant to sections 3 and 6, and any other pledged funds as hereinafter |
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481 | 481 | | 453provided, and rights to receive the same, whether existing or coming into existence and whether |
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482 | 482 | | 454held or thereafter acquired, and the proceeds thereof. The state treasurer is further authorized, |
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483 | 483 | | 455with the concurrence of the secretary of administration and finance, to enter into additional |
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484 | 484 | | 456security, insurance or other forms of credit enhancement which may be secured on a parity or |
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485 | 485 | | 457subordinate basis with the bonds. A pledge in any such trust or other security agreement or credit |
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486 | 486 | | 458enhancement agreement shall be valid and binding from the time such pledge shall be made |
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487 | 487 | | 459without any physical delivery or further act, and the lien of such pledge shall be valid and |
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488 | 488 | | 460binding as against all parties having claims of any kind in tort, contract or otherwise, irrespective |
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489 | 489 | | 461of whether such parties have notice thereof. Any such pledge shall be perfected by filing of the |
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490 | 490 | | 462trust or other security agreement or credit enhancement agreement in the records of the state |
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491 | 491 | | 463treasurer, and no filing need be made under chapter 106 of the General Laws. Any such trust |
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492 | 492 | | 464agreement, security agreement or credit enhancement agreement may establish provisions |
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493 | 493 | | 465defining defaults and establishing remedies and other matters relating to the rights and security |
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494 | 494 | | 466of the holders of the bonds or other secured parties as determined by the state treasurer, including |
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495 | 495 | | 467provisions relating to the establishment of reserves, the issuance of additional or refunding |
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496 | 496 | | 468bonds, whether or not secured on a parity basis, the application of the moneys and funds pledged |
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497 | 497 | | 469pursuant to such agreement, in this chapter referred to as pledged funds, and other matters |
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498 | 498 | | 470deemed necessary or desirable by the state treasurer for the security of such bonds, and may also |
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499 | 499 | | 471regulate the custody, investment and application of moneys. |
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500 | 500 | | 472 (c) As additional security for bonds of the commonwealth issued under authority of this |
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501 | 501 | | 473section, the state treasurer, with the concurrence of the secretary of administration and finance, 24 of 28 |
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502 | 502 | | 474shall create and establish a special fund for each project, herein referred to as the Capital Reserve |
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503 | 503 | | 475Funds, within the Fund established under section 3 or otherwise under a trust or other security |
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504 | 504 | | 476agreement securing such bonds, and shall pay into the capital reserve funds any receipts |
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505 | 505 | | 477available for such purpose pursuant to section 3 and any other moneys appropriated and made |
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506 | 506 | | 478available for the purposes of such fund, any proceeds of such bonds to the extent determined by |
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507 | 507 | | 479the state treasurer, with the concurrence of the secretary of administration and finance, or as may |
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508 | 508 | | 480be provided in any such trust or other security agreement, and any other moneys available for |
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509 | 509 | | 481purposes of such fund as provided in this section, all of which shall be pledged funds for |
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510 | 510 | | 482purposes of this chapter. |
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511 | 511 | | 483 (d) All moneys held in the Capital Reserve Funds, except as hereinafter provided, shall be |
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512 | 512 | | 484used solely for the payment of the principal of bonds of the commonwealth issued under |
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513 | 513 | | 485authority of this section as the same mature, the purchase of such bonds, the payment of interest |
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514 | 514 | | 486on such bonds or the payment of any redemption premium required to be paid when such bonds |
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515 | 515 | | 487are redeemed prior to maturity; provided, however, that, moneys in the Capital Reserve Funds |
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516 | 516 | | 488shall not be withdrawn therefrom at any time in such amount as would reduce the amount of any |
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517 | 517 | | 489such fund to less than the maximum amount of principal and interest maturing and becoming due |
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518 | 518 | | 490in any succeeding fiscal year on all such bonds outstanding or such lesser amount as shall be |
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519 | 519 | | 491established by the state treasurer, with the concurrence of the secretary of administration and |
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520 | 520 | | 492finance, as necessary or appropriate to secure such bonds, in this chapter referred to as the |
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521 | 521 | | 493“capital reserve fund requirements”, except for the purpose of paying the principal of and interest |
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522 | 522 | | 494on such bonds maturing and becoming due and for the payment of which other receipts held in |
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523 | 523 | | 495the funds are not available. 25 of 28 |
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524 | 524 | | 496 (e) Notwithstanding any provision of this chapter, the state treasurer may not issue bonds |
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525 | 525 | | 497of the commonwealth under authority of this section at any time if following such issuance the |
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526 | 526 | | 498balance on deposit in the Capital Reserve Funds would be less than the capital reserve fund |
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527 | 527 | | 499requirements with respect to all such bonds then outstanding. |
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528 | 528 | | 500 (f) If on the last day of any fiscal year during which any bonds of the commonwealth |
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529 | 529 | | 501issued under authority of this section are outstanding, the balance on deposit in the Capital |
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530 | 530 | | 502Reserve Funds shall be less than the capital reserve fund requirements as then calculated, after |
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531 | 531 | | 503deposit therein of all amounts available therefore in the funds or otherwise under the trust or |
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532 | 532 | | 504other security agreement securing such bonds, the motor fuel excise tax shall be increased and all |
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533 | 533 | | 505newly created revenue directed into the Fund until the balance of said capital reserve fund shall |
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534 | 534 | | 506again equal the capital reserve fund requirement as so certified by the secretary of administration |
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535 | 535 | | 507and finance; provided, however, that the total amount of the excise imposed pursuant to sections |
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536 | 536 | | 5083 and 3A of chapter 64G of the General Laws and section 22 of chapter 546 of the acts of 1969 |
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537 | 537 | | 509shall not exceed 14 per cent. |
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538 | 538 | | 510 (g) In order to increase the marketability of any bonds issued by the commonwealth |
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539 | 539 | | 511under authority of this section, and in consideration of the acceptance of payment for any such |
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540 | 540 | | 512bonds, the commonwealth covenants with the purchasers, and all subsequent holders and |
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541 | 541 | | 513transferees of any such bonds, that until all such bonds, including all bonds issued to refund such |
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542 | 542 | | 514bonds, and the interest thereon, shall be paid or, if earlier, shall be deemed paid within the |
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543 | 543 | | 515meaning of any trust or other security agreement or credit enhancement agreement securing the |
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544 | 544 | | 516same, that— |
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545 | 545 | | 517 (1) the receipts shall not be diverted from the purposes identified in this chapter; 26 of 28 |
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546 | 546 | | 518 (2) no pledged funds shall be diverted from the funds established by section 3 or the |
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547 | 547 | | 519Capital Reserve Funds, except as provided in this chapter; |
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548 | 548 | | 520 (3) in any fiscal year of the commonwealth, unless and until an appropriation has been |
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549 | 549 | | 521made which is sufficient to pay the principal, including sinking fund payments, of and interest on |
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550 | 550 | | 522all such bonds and to provide for or maintain any reserves, additional security, insurance or other |
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551 | 551 | | 523form of credit enhancement required or provided for in any trust or other security agreement or |
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552 | 552 | | 524credit enhancement agreement securing any such bonds or notes, no pledged funds shall be |
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553 | 553 | | 525applied to any other use; and |
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554 | 554 | | 526 (4) so long as such revenues are necessary, as determined by the state treasurer in |
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555 | 555 | | 527accordance with any applicable trust or other security agreement or credit enhancement |
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556 | 556 | | 528agreement, for the purposes for which they have been pledged, the rate of any fees imposed by |
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557 | 557 | | 529this chapter or which may constitute pledged funds under this section shall not be reduced below |
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558 | 558 | | 530the amount in effect at the time of issuance of any such bond. |
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559 | 559 | | 531 (h) Any bonds issued under authority of this section, and any notes of the commonwealth |
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560 | 560 | | 532issued in anticipation thereof as hereinafter provided, shall be deemed to be investment securities |
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561 | 561 | | 533under chapter 106 of the General Laws, shall be securities in which any public officer, fiduciary, |
---|
562 | 562 | | 534insurance company, financial institution or investment company may properly invest funds and |
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563 | 563 | | 535shall be securities which may be deposited with any public custodian for any purpose for which |
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564 | 564 | | 536the deposit of bonds is authorized by law. Any such bonds and notes, their transfer and the |
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565 | 565 | | 537income therefrom, including profit on the sale thereof, shall at all times be exempt from taxation |
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566 | 566 | | 538by and within the commonwealth. 27 of 28 |
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567 | 567 | | 539 Section 18. The state treasurer may borrow on the credit of the commonwealth such sums |
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568 | 568 | | 540of money as may be necessary for the purposes of meeting payments as authorized by chapter |
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569 | 569 | | 541161E in anticipation of the receipt of proceeds of special obligation bonds of the commonwealth |
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570 | 570 | | 542issued under the authority of section 17, and may issue and renew notes of the commonwealth |
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571 | 571 | | 543therefore, bearing interest payable at such time and at such rate as shall be fixed by the state |
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572 | 572 | | 544treasurer. Such notes shall be issued and may be renewed one or more times for such maximum |
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573 | 573 | | 545term of years, not exceeding 7 years, as the governor may recommend to the general court in |
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574 | 574 | | 546accordance with Section 3 of Article LXII of the Amendments to the Constitution; provided, |
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575 | 575 | | 547however, that all such notes shall be payable no later than 7 years after issuance. Notes and the |
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576 | 576 | | 548interest thereon issued under MassDOT of this section, notwithstanding any other provisions of |
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577 | 577 | | 549this chapter, shall be general obligations of the commonwealth. |
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578 | 578 | | 550 Section 19. This chapter shall be construed in all respects so as to meet all constitutional |
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579 | 579 | | 551requirements. In carrying out the purposes and provisions of this act, all steps shall be taken |
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580 | 580 | | 552which are necessary to meet constitutional requirements whether or not such steps are required |
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581 | 581 | | 553by statute. |
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582 | 582 | | 554 SECTION 4. Effective Date for Section 3. The provisions of section 3 shall take effect on |
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583 | 583 | | 555the first day of the first full calendar month following 30 days after the enactment this Act. |
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584 | 584 | | 556 SECTION 5. North South Rail Link. |
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585 | 585 | | 557 (a) Section 1 of chapter 161C of the General Laws, as appearing in the 2018 Official |
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586 | 586 | | 558Edition, is hereby amended by adding the following sentence:– |
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587 | 587 | | 559 “Furthermore, to carry out the purposes of this section, the Commonwealth of |
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588 | 588 | | 560Massachusetts shall preserve intact the right-of-way for the proposed North South Rail Link. 28 of 28 |
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589 | 589 | | 561This right-of-way is extremely vulnerable to the impact of development and redevelopment |
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590 | 590 | | 562around the existing rail tracks and terminals. In addition, rail projects already in the planning and |
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591 | 591 | | 563construction phases will exceed the capacity of the South Station terminal. Preservation of the |
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592 | 592 | | 564right-of-way for the North-South Rail Link will assure that rail transportation can be enhanced or |
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593 | 593 | | 565expanded in our region.”. |
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594 | 594 | | 566 (b) Chapter 161C of the General Laws is hereby amended by inserting after section 8 the |
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595 | 595 | | 567following section: – |
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596 | 596 | | 568 “Section 9. The Massachusetts department of transportation, or its successor, shall |
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597 | 597 | | 569perform a study to specifically identify and map the necessary right-of-way to allow for the |
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598 | 598 | | 570construction of the proposed North South Rail Link connecting North Station to South Station. |
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599 | 599 | | 571This study must include particular reference to the Major Investment Study/Draft Environmental |
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600 | 600 | | 572Impact Report (EOEA#10270), prepared under the aegis of the executive office of environmental |
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601 | 601 | | 573affairs, which was concluded on March 31, 2003. A plan to preserve said right-of-way, once |
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602 | 602 | | 574identified, shall be determined and implemented immediately.”. |
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603 | 603 | | 575 |
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