Mass. Looks To Spark Development With New Muni Bond Law

Law360, New York (August 21, 2012, 5:30 PM EDT) -- Massachusetts towns have a new tool to finance roads, sewers and water systems without stretching their already-tight budgets, thanks to a new state law that attorneys say should ease financing for the basic infrastructure needed to lure private developers.

The law allows municipalities to issue special-assessment bonds — which leverage a project's future tax revenues to fund upfront infrastructure construction — without a special legislative approval, sidestepping an arcane process that experts say has kept the model from being more widely used. It also expands a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.