Bill > H4134

This bill establishes the City of Cambridge Employment and Job Training Trust, a new municipal entity designed to help create and maintain employment opportunities for Cambridge residents through job training services. The trust will be governed by a board of 5-9 trustees, including the Cambridge City Manager or their designee, who will be appointed by the City Manager and considered public agents. The board will have extensive powers, including receiving donations, grants, and transfers from various sources, making grants and loans, selling or transferring property, hiring advisors, and managing trust assets to support employment and job training goals. The trust is classified as a public employer and municipal agency, with trustees considered special municipal employees, and it will be exempt from certain tax requirements. The City of Cambridge may establish an employment and job training linkage fee through ordinance, and the board must file annual reports with the City Manager detailing its activities and financial transactions. The trust's books will be independently audited annually, and its declaration of trust will be filed with the Cambridge City Clerk. The legislation will take effect immediately upon passage, providing the city with a new mechanism to support local workforce development.

Government Affairs

https://malegislature.gov/Bills/194/H4134