Bill
Bill > S1067
summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation relative to public charity executive and board of directors compensation. The Judiciary.
AI Summary
This bill aims to regulate the executive and board compensation for public charities in Massachusetts. Key provisions include: (1) a $500,000 annual compensation cap for public charity officers, directors acting as executives, and senior managers; (2) a prohibition on providing any compensation to board members, except for reimbursement of expenses; (3) a process for public charities to seek waivers from the compensation limits, requiring a public hearing and independent audit review; and (4) penalties for public charities that violate the compensation limits without obtaining a waiver, including the loss of their public charity status under state law.
Committee Categories
Justice
Sponsors (1)
Last Action
Accompanied a study order, see S2612 (on 02/08/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/S1067 |
| BillText | https://malegislature.gov/Bills/193/S1067.pdf |
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