Bill

Bill > H1332


MA H1332

Creating financial opportunities in higher education by reducing unnecessary state administrative policies


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to financial opportunities and state administrative policies in higher education. Higher Education.

AI Summary

This bill aims to create more financial opportunities in higher education by reducing unnecessary state administrative policies. The key provisions include: 1) Requiring public higher education institutions to annually produce audited financial statements and file them with various state entities. 2) Allowing public higher education institutions to pay their payroll tax from either local funds or state appropriation. 3) Permitting foundations established for public colleges and universities to enter into any lease agreements allowed by law. 4) Increasing the thresholds for project supervision by the state Commissioner of Capital Asset Management and Maintenance, from $300,000 to $1 million for projects requiring control and supervision, and from $10 million to $30 million for projects that can be delegated to the institution. 5) Increasing various thresholds related to the procurement laws for public construction projects, such as raising the threshold for requiring public bids from $10,000 to $30,000.

Committee Categories

Education

Sponsors (1)

Last Action

Accompanied a study order, see H5174 (on 09/01/2022)

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