summary
Introduced
01/20/2015
01/20/2015
In Committee
01/20/2015
01/20/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
For legislation to authorize municipalities to invest in credit unions. Municipalities and Regional Government.
AI Summary
This bill proposes to amend Section 55 of Chapter 44 of the General Laws, which deals with municipal finance, by adding the phrase "Federal Credit Unions" to a specific line. This change would allow municipalities, which are local government entities like cities and towns, to invest their funds in federal credit unions, a type of financial cooperative owned and controlled by its members and regulated by the U.S. government. Currently, municipalities may have restrictions on where they can deposit or invest their money, and this bill aims to expand those options to include federal credit unions.
Committee Categories
Government Affairs
Sponsors (11)
Jon Zlotnik (D)*,
Cory Atkins (D),
Josh Cutler (D),
Stephen DiNatale (D),
Shawn Dooley (R),
Kim Ferguson (R),
Jennifer Flanagan (D),
Jay Livingstone (D),
Leonard Mirra (R),
Mike Moore (D),
Aaron Vega (D),
Last Action
Accompanied a new draft, see H4148 (on 03/31/2016)
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/189/H1879 |
| Bill | https://malegislature.gov/Bills/189/H1879.pdf |
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