Creating the Preservation of Historic Buildings Trust Fund
Impact
The bill seeks to amend Chapter 10 of the General Laws by adding a new section that details the structure and administration of the Historic Public Buildings Trust Fund. Significantly, it establishes a non-lapsing revolving fund, which ensures that contributions—both individual and corporate—can generate ongoing funding for restoration projects. This approach not only aids in maintaining historical integrity but also emphasizes the cultural and historical importance of these state-owned properties.
Summary
Senate Bill S1928, known as 'An Act creating the Preservation of Historic Buildings Trust Fund,' aims to establish a dedicated fund to support the preservation of historic buildings in Massachusetts. This fund will be managed by the Massachusetts Historical Commission and will receive revenues from a variety of sources, including public and private contributions, as well as federal grants. The intent of the fund is to ensure that necessary repairs and renovations can be made to important state historic structures, thereby promoting preservation efforts across the Commonwealth.
Contention
While the bill has garnered support for its intent to protect historic structures, there are potential points of contention that could arise during discussions. Opponents may argue over the allocation of public funds and whether voluntary contributions can adequately sustain the trust fund. Additionally, concerns may emerge regarding prioritization of which buildings receive funding and how this aligns with other public funding needs across the state, particularly in times of budget constraints.
Replaced by
Order relative to authorizing the joint committee on Revenue to make an investigation and study of certain current Senate documents relative to programs, property taxes and other revenue matters.
An Act Concerning The Terms Of The Board Of Trustees Of The Connecticut Trust For Historic Preservation And Construction Involving Historic Structures.
Relating to the creation of the Texas state buildings preservation endowment fund, including the transfer to the fund of the unencumbered balances of certain other funds.
Relating to the creation of the Texas state buildings preservation endowment fund, including the transfer to the fund of the unencumbered balances of certain other funds.