summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to the higher education endowment match program. Higher Education.
AI Summary
This bill amends Section 15E of Chapter 15A of the General Laws to allocate $20 million for the higher education endowment match program. The funds will be distributed as follows: $10 million to the University of Massachusetts, $5 million to state universities, and $5 million to community colleges. If any funds allocated to community colleges or state universities are unused, the remaining funds will be made available to the other institution type. The goal of the program is to encourage private fundraising by the Commonwealth's public institutions of higher education for their endowment and capital outlay programs, and to increase the number of scholarship opportunities for students.
Committee Categories
Education
Sponsors (3)
Last Action
Accompanied a study order, see H5125 (on 11/25/2020)
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/H1232 |
| Bill | https://malegislature.gov/Bills/191/H1232.pdf |
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