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...
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