MA S1185

Bill

MA S1185

Relative to regional stabilization funds

Introduced
01/22/2019

In Committee
12/04/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation relative to regional stabilization funds. Municipalities and Regional Government.

AI Summary

This bill amends Chapter 71 of the General Laws to allow regional school districts in Massachusetts to establish a stabilization fund. The key provisions are: regional school districts can establish a stabilization fund with the approval of a majority of the local appropriating authorities; the fund can receive annual deposits of up to 5% of the previous fiscal year's apportioned amount or a larger amount approved by the director of accounts; the aggregate fund amount cannot exceed 5% of the combined equalized valuations of the member municipalities; the fund can be used for any purpose for which the regional school district can borrow money or for other purposes approved by the director of accounts.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (11)

Jennifer Benson (D), Julian Cyr (D), Carolyn Dykema (D), Anne Gobi (D), Donald Humason (R), Eric Lesser (D), Mike Moore (D), Angelo Puppolo (D), Todd Smola (R), Dean Tran (R), Susannah Whipps (I),

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 12/04/2019)

Official Document

https://malegislature.gov/Bills/191/S1185

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/S1185
Bill	https://malegislature.gov/Bills/191/S1185.pdf

Bill	Bill Name	Last Action	Type
H1323	To exclude cities and towns that adopt a housing linkage program from certain provisions of chapter 40b	Accompanied a study order, see H4975	Similar To
H14	To enable municipal and regional planning agency employees to fully participate in gaming policy advisory committees	Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling	Similar To
H1782	Relative to regional stabilization funds	Committee reported that the matter be placed in the Orders of the Day for the next sitting for a second reading	Similar To
H3106	To establish regional transit authority enterprise fund	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H4248	Authorizing Old Rochester Regional School District to enter into renewable energy agreements	Accompanied a new draft, see H4435	Similar To
H447	Relative to regional bonus aid	Accompanied a study order, see H5159	Similar To
H634	Relative to the election of the Hoosac Valley Regional School District (towns of Adams and Cheshire) Committee members	Signed by the Governor, Chapter 27 of the Acts of 2020	Similar To
S1294	Relative to strengthening the local and regional public health system	Committee recommended ought to pass and referred to the committee on Senate Ways and Means	Similar To
S1412	Relative to regional lockup facilities	Accompanied a study order, see S2565	Similar To

Bill > S1185

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (11)

Last Action

Official Document

bill text

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