MA H2350

Bill

Authorizing the Somerville Retirement Board to divest from fossil fuel companies

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

By Ms. Provost of Somerville, a petition of Denise Provost and others (with the approval of the mayor and city council) that the Somerville Retirement Board be authorized to divest from fossil fuel companies. Public Service. [Local Approval Received.]

AI Summary

This bill authorizes the Somerville Retirement Board (SRB) to divest from fossil fuel companies, as defined by specific industry classification codes. The SRB may, following the procurement process outlined in state law, divest in whole or in part from investments in these fossil fuel companies and instead invest in index funds or other vehicles that do not include fossil fuel companies. The bill takes effect upon passage.

Committee Categories

Labor and Employment

Sponsors (4)

Christine Barber (D), Mike Connolly (D), Pat Jehlen (D), Denise Provost (D),

Last Action

Accompanied a study order, see H4722 (on 05/20/2020)

Official Document

https://malegislature.gov/Bills/191/H2350

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H2350
Bill	https://malegislature.gov/Bills/191/H2350.pdf

Bill	Bill Name	Last Action	Type
H2423	Authorizing the city of Somerville to impose a real estate transfer fee	Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling	Similar To
H3641	Granting the city of Somerville the authority to require the adoption of institutional master plans subject to the review and approval by the municipality	Read second and ordered to a third reading	Similar To
H3645	Authorizing the city of Somerville to impose impact fees for any development project for the purposes of funding the Green Line extension	Discharged to the committee on House Ways and Means	Similar To
H3856	Granting the City of Somerville the authority to provide legal voting rights in municipal elections for City of Somerville residents aged 16 and 17 years old	Accompanied a study order, see H4403	Similar To
H4722	Retirement, benefits and other public service issues	Reported, in part, by H2169	Replaced by
S2307	Authorizing the City Council of the city of Somerville to appoint a clerk of committees and assistant clerks of committees	Signed by the Governor, Chapter 79 of the Acts of 2020	Similar To
S2369	Relative to the terms for members of the city of Somerville's Zoning Board of Appeals	Read; and referred to the committee on House Steering, Policy and Scheduling	Similar To
S2421	Further defining the purposes of the affordable housing trust in the city of Somerville	Read; and referred to the committee on House Steering, Policy and Scheduling	Similar To
S636	Authorizing independent retirement boards to divest from fossil fuel companies	Accompanied a new draft, see H4440	Similar To

Bill

Bill Name

Last Action

Type

H2423

Authorizing the city of Somerville to impose a real estate transfer fee

Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling

Similar To

H3641

Granting the city of Somerville the authority to require the adoption of institutional master plans subject to the review and approval by the municipality

Read second and ordered to a third reading

Similar To

H3645

Authorizing the city of Somerville to impose impact fees for any development project for the purposes of funding the Green Line extension

Discharged to the committee on House Ways and Means

Similar To

H3856

Granting the City of Somerville the authority to provide legal voting rights in municipal elections for City of Somerville residents aged 16 and 17 years old

Accompanied a study order, see H4403

Similar To

H4722

Retirement, benefits and other public service issues

Reported, in part, by H2169

Replaced by

S2307

Authorizing the City Council of the city of Somerville to appoint a clerk of committees and assistant clerks of committees

Signed by the Governor, Chapter 79 of the Acts of 2020

Similar To

S2369

Relative to the terms for members of the city of Somerville's Zoning Board of Appeals

Read; and referred to the committee on House Steering, Policy and Scheduling

Similar To

S2421

Further defining the purposes of the affordable housing trust in the city of Somerville

Read; and referred to the committee on House Steering, Policy and Scheduling

Similar To

S636

Authorizing independent retirement boards to divest from fossil fuel companies

Accompanied a new draft, see H4440

Similar To

Bill > H2350

MA H2350

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

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