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MA H54
Bill
AI Summary
- Authorizes up to $3 billion in bond funding for Massachusetts public higher education capital improvements, including $1.25 billion each for state/community colleges and the University of Massachusetts system
- Securitizes $125 million annually from Fair Share surtax revenues to issue special obligation bonds, generating approximately $2.5 billion in new capital resources without impacting the Commonwealth's general obligation debt capacity
- Funds deferred maintenance, facility modernization, decarbonization projects, laboratory upgrades, student health and wellness facilities, campus master plans, technology improvements, and workforce skills capital grants
- Allocates $100 million for transitioning campus facilities for housing development and $100 million for career technical education equipment grants aligned with regional workforce priorities
- Expands Massachusetts State College Building Authority's powers to borrow for additional project types, allows DCAMM to dispose of surplus higher education property with proceeds directed to a new Higher Education Property Disposition Fund, and exempts building projects under $500,000 from certified study requirements
Legislative Description
To build resilient infrastructure to generate higher-ed transformation
Last Action
Accompanied a new draft, see H4693
10/30/2025
Committee Referrals
Higher Education1/23/2025
Full Bill Text
No bill text available