Gov. Maura Healey yesterday signed a $1.66 billion information technology bond bill known as the FutureTech Act.

The law, which aims to modernize the state’s IT and cybersecurity infrastructure, includes funding for several municipal grant programs.

The law also includes funding for a number of technology projects, including artificial intelligence and emerging technology, as well as for upgrading and modernizing government information systems.

Funding includes:
• $30 million to support the Municipal Fiber Grant Program
• $25 million to support the Community Compact IT Grant Program
• $150 million for local and regional IT security improvement projects
• $750 million to improve the quality, consistency, efficiency and delivery of services and programs to the public and interactions between residents and state agencies

The law is a mix of 10- and 30-year bonds, and uses an additional $400 million in anticipated federal funding to be set aside in an IT Federal Reimbursement Fund.

The House had passed its $1.23 billion bond bill on May 15, and the Senate passed a largely similar bill on June 6.

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