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Bill > H2552


MA H2552

MA H2552
Relative to stabilization fund withdrawals


summary

Introduced
01/20/2015
In Committee
01/20/2015
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation to require a two-thirds vote of the Senate and House of Representatives prior to making appropriations from the Stabilization Fund. Revenue.

AI Summary

This bill proposes to amend Section 2H of chapter 29 of the General Laws, which deals with state revenues, by requiring a two-thirds vote of both the Senate and the House of Representatives before any appropriations can be made from the Stabilization Fund. The Stabilization Fund is a reserve of state money, and this change would impose a higher threshold for accessing these funds, meaning a supermajority of lawmakers would need to agree on any withdrawals, thereby providing greater protection for these reserves.

Committee Categories

Budget and Finance

Sponsors (16)

Last Action

Accompanied a study order, see H4639 (on 09/26/2016)

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