On June 11, Davis Malm attorney Bill Griffin testified before the Massachusetts Legislature’s Joint Committee on Community Development and Small Business in support of H. 159, the proposed legislation that would create a new Chapter 40T of the Massachusetts General Laws to allow municipalities to finance infrastructure improvements within local development zones through tax-exempt bonds secured by special assessments on property in the development zone. This legislation has the potential to attract billions of dollars of private investment in local infrastructure without burdening state and local budgets.

Bill and his Davis Malm colleague, Hal Davis, played a major role in drafting the Chapter 40T bill and a similar bill passed by both houses of the Legislature last year. Bill, a managing director of the firm, has nearly 30 years of experience in the area of government-assisted financing, particularly with the issuance of tax-exempt private activity bonds by the Massachusetts Development Finance Agency and other issuers.

Read Mr. Griffin’s Testimony

For more information contact: Joanne Thorud; (617) 589-3894; jthorud@davismalm.com

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