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Bill > S1364


MA S1364

Authorizing certain investments by the Treasurer of the town of Milton


summary

Introduced
03/29/2021
In Committee
08/02/2021
Crossed Over
10/04/2021
Passed
10/06/2021
Dead
Signed/Enacted/Adopted
10/12/2021

Introduced Session

192nd General Court

Bill Summary

For legislation to authorize certain investments by the Treasurer of the town of Milton. Municipalities and Regional Government. [Local approval received]

AI Summary

This bill authorizes the Treasurer of the town of Milton to invest trust funds in their custody in accordance with Chapter 203C of the General Laws, overriding any contradictory provisions in the General Laws. Chapter 203C governs the investment of trust funds by municipalities, allowing for a broader range of investment options than the default rules under Section 54 of Chapter 44 of the General Laws.

Committee Categories

Government Affairs

Sponsors (3)

Last Action

Signed by the Governor, Chapter 60 of the Acts of 2021 (on 10/12/2021)

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