MA S1134

Bill

MA S1134

Relative to municipal deposits

Introduced
01/23/2017

In Committee
02/05/2018

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation relative to municipal deposits. Municipalities and Regional Government.

AI Summary

This bill amends Section 55A of Chapter 44 of the Massachusetts General Laws, which relates to municipal deposits. The key provision of the bill is that a city, town, district, or regional school district officer who deposits public money in good faith and with due care pursuant to Section 55 of Chapter 44 will not be personally liable for any loss of public money due to the closing or liquidation of the depository institution. This aims to protect municipal officials from liability when they follow proper procedures for depositing public funds.

Committee Categories

Government Affairs

Sponsors (1)

Jennifer Flanagan (D),

Last Action

Bill reported favorably by committee and referred to the committee on Senate Rules (on 02/05/2018)

Official Document

https://malegislature.gov/Bills/190/S1134

(7 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/S1134
Bill	https://malegislature.gov/Bills/190/S1134.pdf

Bill	Bill Name	Last Action	Type
H3596	Encouraging municipal scholarship funds	Accompanied a study order, see H4590	Similar To
H4572	Providing continued investment in the life sciences industry in the Commonwealth	Text of an amendment, see H4501	Similar To
S1123	Authorizing municipal use of the prudent investor standards	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1157	Relative to the expenditure of certain municipal and district monies	Bill reported favorably by committee as changed and referred to the committee on Senate Rules	Similar To
S1511	To promote high-impact community investment	Accompanied a new draft, see H3853	Similar To
S1528	Stimulating small business investment	Accompanied a study order, see S2497	Similar To
S585	Relative to the investment authority of the Massachusetts Credit Union Share Insurance Corporation	Accompanied a study order, see S2496	Similar To

Bill > S1134

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

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