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Bill > H1228


MA H1228

MA H1228
Relative to the endowment match program


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

By Mr. Madaro of Boston, a petition of Adrian C. Madaro and others that the endowment match program provide matching funds for public higher education institutions. Higher Education.

AI Summary

This bill seeks to amend Section 15E of Chapter 15A of the General Laws to remove the "subject to appropriation" language and provide a dedicated funding source of at least $20 million for the endowment match program. This program encourages private fundraising by public institutions of higher education in the Commonwealth, with specific allocations of $10 million for the University of Massachusetts, $5 million for state universities, and $5 million for community colleges. Any unused funds from the allocations to community colleges or state universities would be made available to the other respective institutions.

Committee Categories

Education

Sponsors (18)

Last Action

Accompanied a study order, see H5125 (on 11/25/2020)

bill text


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