MA H2257

Establishes an 11-member special legislative commission to study municipal bonding practices in Massachusetts and across the United States

Commission membership includes chairs of the Joint Committee on Municipalities and Regional Government (serving as co-chairs), legislative appointees with expertise in municipal finance and bonding, minority leaders from both chambers, and representatives from the Department of Revenue, Massachusetts Municipal Association, and state finance offices

Commission tasks include surveying municipal credit ratings over time, comparing Massachusetts bond rating impacts to other states, identifying best practices in credit rating presentations, and investigating methodologies used by rating agencies

Department of Revenue and all municipalities must provide timely access to records and documents upon commission request

Commission must convene within 40 days of achieving a 5-member quorum and submit findings, recommendations, and proposed legislation by September 31, 2025