Massachusetts 2025-2026 Regular Session

Massachusetts House Bill H482 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1 of 1
2	2	HOUSE DOCKET, NO. 3458 FILED ON: 1/17/2025
3	3	HOUSE . . . . . . . . . . . . . . . No. 482
4	4	The Commonwealth of Massachusetts
5	5	_________________
6	6	PRESENTED BY:
7	7	Ann-Margaret Ferrante
8	8	_________________
9	9	To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
10	10	Court assembled:
11	11	The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
12	12	An Act relative to designated port areas.
13	13	_______________
14	14	PETITION OF:
15	15	NAME:DISTRICT/ADDRESS :DATE ADDED:Ann-Margaret Ferrante5th Essex1/17/2025 1 of 2
16	16	HOUSE DOCKET, NO. 3458 FILED ON: 1/17/2025
17	17	HOUSE . . . . . . . . . . . . . . . No. 482
18	18	By Representative Ferrante of Gloucester, a petition (accompanied by bill, House, No. 482) of
19	19	Ann-Margaret Ferrante for legislation to establish a designated port area community fund.
20	20	Economic Development and Emerging Technologies.
21	21	[SIMILAR MATTER FILED IN PREVIOUS SESSION
22	22	SEE HOUSE, NO. 408 OF 2023-2024.]
23	23	The Commonwealth of Massachusetts
24	24	_______________
25	25	In the One Hundred and Ninety-Fourth General Court
26	26	(2025-2026)
27	27	_______________
28	28	An Act relative to designated port areas.
29	29	Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
30	30	of the same, as follows:
31	31	1 SECTION 1. Section 3A of chapter 23A of the General Laws is hereby amended by
32	32	2striking out the definition of “Gateway municipality”, as appearing in the 2012 Official Edition,
33	33	3and inserting in place thereof the following definition:-
34	34	4 “Gateway municipality”, a municipality with a population greater than 35,000 and less
35	35	5than 250,000, a median household income below the commonwealth's average and a rate of
36	36	6educational attainment of a bachelor's degree or above that is below the commonwealth's
37	37	7average; or a municipality that contains or includes a designated port area, as defined in section 2
38	38	8of chapter 21F. 2 of 2
39	39	9 SECTION 2. Chapter 29 of the General Laws is hereby amended by inserting after
40	40	10section 2QQQQ, inserted by section 14 of chapter 359 of the acts of 2014, the following section:-
41	41	11 Section 2RRRR. There shall be established and set up on the books of the commonwealth
42	42	12a Designated Port Area Community Fund which shall be administered by the Massachusetts
43	43	13Development Finance Agency. Notwithstanding any general or special law to the contrary, the
44	44	14following monies shall be credited to the fund: (i) any appropriations, grants, gifts or other
45	45	15monies authorized by the general court or other parties and specifically designated to be credited
46	46	16to the fund; and (ii) any income derived from the investment of amounts credited to the fund. All
47	47	17amounts credited to the fund shall be used without further appropriation for the purpose of
48	48	18developing and providing economic assistance to properties located within a designated port
49	49	19area. No expenditure from the fund shall cause the fund to be in deficiency at the close of a fiscal
50	50	20year. Monies deposited in the fund that are unexpended at the end of the fiscal year shall not
51	51	21revert to the General Fund and shall be available for expenditure in the subsequent year. The
52	52	22fund shall be exempt from the indirect and fringe benefits that would otherwise be assessed
53	53	23pursuant to this chapter.