Bill
Bill > H1332
MA H1332
Creating financial opportunities in higher education by reducing unnecessary state administrative policies
summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
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)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/192/H1332 |
Bill | https://malegislature.gov/Bills/192/H1332.pdf |
Loading...