summary
Introduced
01/22/2019
01/22/2019
In Committee
12/19/2019
12/19/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to liability of cities, towns, districts or regional school districts for loss of public monies by reason of the closing or liquidation of depository institutions. Municipalities and Regional Government.
AI Summary
This bill amends Chapter 44 of the General Laws to provide that a city, town, district, or regional school district officer who deposits public money in accordance with Section 55 of Chapter 44 shall not be personally liable to the municipality for any loss of public money due to the closing or liquidation of the depository institution. The bill aims to protect municipal officials from personal liability for such losses, as long as they have acted in good faith and with due care in depositing the funds.
Committee Categories
Business and Industry, Government Affairs
Sponsors (1)
Last Action
Referred to the Joint Committee on Financial Services (on 12/19/2019)
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/H1763 |
| Bill | https://malegislature.gov/Bills/191/H1763.pdf |
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