summary
Introduced
01/22/2019
01/22/2019
In Committee
12/05/2019
12/05/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to regional stabilization funds. Municipalities and Regional Government.
AI Summary
This bill amends the existing law to allow regional school districts in Massachusetts to establish a stabilization fund. The key provisions are:
- Regional school districts can establish a stabilization fund upon a majority vote of the district school committee and approval of a majority of the local appropriating authorities in the member municipalities.
- The fund can receive annual deposits of up to 5% of the prior year's total apportionment to the member municipalities, or a larger amount approved by the Director of Accounts.
- The total amount in the fund cannot exceed 5% of the combined equalized valuations of the member municipalities.
- The fund can be used for any purpose for which the regional school district can borrow money, or for other district purposes approved by the Director of Accounts, upon a two-thirds vote of the regional district school committee.
- The provisions also apply to any regional school district established under special law.
Committee Categories
Government Affairs
Sponsors (15)
Jay Barrows (R),
Jennifer Benson (D),
William Crocker (R),
Josh Cutler (D),
Shawn Dooley (R),
Carolyn Dykema (D),
Kim Ferguson (R),
Steven Howitt (R),
Donald Humason (R),
Hannah Kane (R),
Angelo Puppolo (D),
Todd Smola (R),
Dean Tran (R),
Timothy Whelan (R),
Susannah Whipps (I),
Last Action
Committee reported that the matter be placed in the Orders of the Day for the next sitting for a second reading (on 01/13/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H1782 |
| Bill | https://malegislature.gov/Bills/191/H1782.pdf |
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