Bill > S2097

This bill amends Section 42B of Chapter 63 of the General Laws to require manufacturing or research and development corporations to provide more comprehensive financial transparency regarding their research funding. Specifically, corporations will now be obligated to disclose three key pieces of information: (1) the total amount, specific type, and original source of all current and pending research support they have received or expect to receive during qualified exemption years, (2) certify that their disclosure is current, accurate, and complete, and (3) agree to update their research funding disclosure whenever requested by the appropriate authorities. The primary goal of this legislation appears to be increasing accountability and providing greater insight into the financial backing of corporate research activities, which could help ensure proper oversight and understanding of how research is funded in the commonwealth.

Budget and Finance

https://malegislature.gov/Bills/194/S2097