Bill

Bill > H3727


MA H3727

Authorizing the investment of town of Lunenburg library trust funds


summary

Introduced
05/06/2021
In Committee
08/02/2021
Crossed Over
08/15/2022
Passed
08/18/2022
Dead
Signed/Enacted/Adopted
08/24/2022

Introduced Session

192nd General Court

Bill Summary

Relative to authorizing the investment of town of Lunenburg library trust funds. Municipalities and Regional Government. [Local Approval Received.]

AI Summary

This bill exempts the town of Lunenburg's library trust funds from the investment restrictions set forth in Section 54 of Chapter 44 of the General Laws. This allows the town to invest the library trust funds in a broader range of investment options, which could potentially generate higher returns for the library. The bill takes effect upon passage.

Committee Categories

Government Affairs

Sponsors (3)

Last Action

Signed by the Governor, Chapter 189 of the Acts of 2022 (on 08/24/2022)

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