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Bill > H1357


MA H1357

Relative to the endowment match program


summary

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

Introduced Session

192nd General Court

Bill Summary

For legislation to provide funding for the public higher education endowment incentive program. Higher Education.

AI Summary

This bill aims to provide funding for the public higher education endowment incentive program in Massachusetts. It amends the existing law by removing the "subject to appropriation" language, ensuring that at least $20 million is expended for this purpose. The funding is allocated as follows: $10 million to the University of Massachusetts, $5 million to state universities, and $5 million to community colleges. Any unused funds from the allocations to state universities or community colleges will be made available to the other respective institutions.

Committee Categories

Education

Sponsors (9)

Last Action

Accompanied a new draft, see H4694 (on 04/25/2022)

bill text


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