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MA S15
MA S15Proposal for a legislative amendment to the Constitution requiring a supermajority vote for the utilization of rainy day funds
summary
Introduced
01/23/2017
01/23/2017
In Committee
05/01/2017
05/01/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
By Mr. Tarr, a petition of Bruce E. Tarr for a legislative amendment to the Constitution to require a supermajority vote for the utilization of rainy day funds. State Administration and Regulatory Oversight.
AI Summary
This bill proposes a constitutional amendment to require a two-thirds supermajority vote in each branch of the Massachusetts General Court (the state legislature) to appropriate and expend funds from the state's Stabilization Fund, commonly known as the "rainy day fund." This fund is established under existing law to provide a financial reserve for the state during economic downturns or emergencies. The proposed amendment aims to make it more difficult to access these emergency funds, which are intended to help maintain fiscal stability during challenging times.
Committee Categories
Government Affairs
Sponsors (3)
Last Action
No further action (on 12/31/2018)
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/190/S15 |
| Bill | https://malegislature.gov/Bills/190/S15.pdf |
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