Bill
Bill > S1426
summary
Introduced
01/22/2013
01/22/2013
In Committee
01/22/2013
01/22/2013
Crossed Over
Passed
Dead
08/01/2014
08/01/2014
Introduced Session
188th General Court
Bill Summary
For legislation to dedicate a portion of the stabilization fund to cities and towns. Revenue.
AI Summary
This bill proposes to amend Section 2H of chapter 29 of the General Laws by adding a provision that dedicates at least ten percent of the total amount in the stabilization fund, which is a fund used to save money for future needs or emergencies, specifically for the purpose of preventing or lessening cuts to local aid distributed to cities and towns. This dedicated portion of the fund can be used for programs like Chapter 70 educational funding, lottery aid, and additional assistance, and can be spent in addition to other authorized expenditures from the fund.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Accompanied a study order, see S2111 (on 04/24/2014)
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/188/Senate/S1426 |
| Bill | https://malegislature.gov/Bills/188/S1426.pdf |
| BillText | https://malegislature.gov/Bills/PDF?billId=127351&generalCourtId=11 |
| Bill | https://malegislature.gov/Bills/188/S1426 |
| Bill | https://malegislature.gov/Bills/BillHtml/127351?generalCourtId=11 |
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