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Bill > S2210


MA S2210

MA S2210
Proposal for a legislative amendment to the Constitution requiring a supermajority vote for the utilization of rainy day funds


summary

Introduced
02/07/2019
In Committee
04/25/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

By Mr. Tarr, a petition (subject to Joint Rule 12) of Bruce E. Tarr for a legislative amendment to the Constitution to require a supermajority vote for the utilization of rainy day funds. Revenue.

AI Summary

This bill proposes a constitutional amendment that would require a two-thirds supermajority vote in each branch of the Massachusetts General Court (the state legislature) to appropriate and expend funds from the state's Stabilization Fund, also known as the "rainy day fund." The Stabilization Fund is a reserve account that can be used to help balance the state's budget during economic downturns. The proposed amendment aims to make it more difficult to access these rainy day funds by requiring a stronger legislative consensus before they can be utilized.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

No further action taken (on 12/16/2020)

bill text


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bill summary

Document Type Source Location Created
State Bill Page https://malegislature.gov/Bills/191/S2210 04/23/2019
Bill https://malegislature.gov/Bills/191/S2210.pdf 04/23/2019
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