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Bill > S2909

MA S2909

MA S2909
Authorizing the investment of trust funds benefiting the town of Sherborn library

summary

Introduced
09/17/2020
In Committee
11/02/2020
Crossed Over
10/29/2020
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to authorize the investment of trust funds benefiting the town of Sherborn Library. Municipalities and Regional Government. [Local Approval Received.]

AI Summary

This bill authorizes the treasurer of the town of Sherborn and the treasurer of the Sherborn library trustees to invest any trust funds benefiting the Sherborn library in accordance with the prudent investor rule and with chapter 203C of the Massachusetts General Laws, notwithstanding the investment restrictions under section 54 of chapter 44 of the General Laws. The bill takes effect upon passage.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Read; and referred to the committee on House Steering, Policy and Scheduling (on 11/02/2020)

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Document Type Source Location Created
State Bill Page https://malegislature.gov/Bills/191/S2909 09/18/2020
Bill https://malegislature.gov/Bills/191/S2909.pdf 09/18/2020
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