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Bill > S753


MA S753

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

For legislation relative to the endowment match program. Higher Education.

AI Summary

This bill amends Section 15E of Chapter 15A of the General Laws to remove the "subject to appropriation" language and allocate $20 million for the endowment match program. The program is designed to encourage private fundraising by the Commonwealth's public institutions of higher education, with $10 million allocated to the University of Massachusetts, $5 million to state universities, and $5 million to community colleges. Any unused funds from the community college or state university allocations will be made available to the University of Massachusetts.

Committee Categories

Education

Sponsors (14)

Last Action

Accompanied a study order, see S2541 (on 02/18/2020)

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