H502 • 2025

An Act relative to business relocation after receiving state grant funding

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Marcus S. Vaughn
Last action: 2026-03-05
Official status: Accompanied a study order, see H5178
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act relative to business relocation after receiving state grant funding

An Act relative to business relocation after receiving state grant funding By Representative Vaughn of Wrentham, a petition (accompanied by bill, House, No.

What This Bill Does

An Act relative to business relocation after receiving state grant funding By Representative Vaughn of Wrentham, a petition (accompanied by bill, House, No.
502) of Marcus S.
Vaughn relative to business relocation after receiving economic development incentive program grant funding.
Economic Development and Emerging Technologies.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-03-05 House
Accompanied a study order, see H5178
2025-09-25 Joint
Hearing rescheduled to 09/25/2025 from 11:00 AM-11:30 AM in A-1 and Virtual Hearing updated to New End Time
2025-09-16 Joint
Hearing scheduled for 09/25/2025 from 11:00 AM-01:00 PM in A-1
2025-02-27 House
Referred to the committee on Economic Development and Emerging Technologies
2025-02-27 Senate
Senate concurred

Official Summary Text

An Act relative to business relocation after receiving state grant funding
By Representative Vaughn of Wrentham, a petition (accompanied by bill, House, No. 502) of Marcus S. Vaughn relative to business relocation after receiving economic development incentive program grant funding. Economic Development and Emerging Technologies.

Current Bill Text

Read the full stored bill text

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Bill H.502

Section 3D of chapter 23A of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting the following subsection:-

(f) All EDIP contracts, as defined by section 3A of this chapter, awarded by the EACC to a corporation, sole proprietorship, limited liability company, or partnership for a certified project, as defined by said section 3A, shall include the requirement that, unless it declares bankruptcy as defined by U.S.C. 11, a corporation, sole proprietorship, limited liability company, or partnership shall forfeit or refund any credits or grants received pursuant to an EDIP contract if the corporation, sole proprietorship, limited liability company, or partnership relocates outside the commonwealth within 20 years. The office of the attorney general shall promulgate regulations pursuant to the enforcement of this subsection.

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