summary
Introduced
01/23/2017
01/23/2017
In Committee
01/29/2018
01/29/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation relative to regional stabilization funds. Municipalities and Regional Government.
AI Summary
This bill amends Chapter 71 of the General Laws to allow regional school districts to establish a stabilization fund, upon a majority vote of the regional district school committee and approval of the local appropriating authorities of the member municipalities. The fund can receive up to 5% of the prior fiscal year's apportioned amount or a larger amount approved by the director of accounts. The aggregate amount in the fund cannot exceed 5% of the combined equalized valuations of the member municipalities. The fund can be used for any purpose for which regional school districts may borrow money or for other district purposes approved by the director of accounts.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (7)
Jamie Eldridge (D),
Anne Gobi (D),
Eric Lesser (D),
Mike Moore (D),
Angelo Puppolo (D),
Richard Ross (R),
Todd Smola (R),
Last Action
Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 01/29/2018)
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/S1137 |
| Bill | https://malegislature.gov/Bills/190/S1137.pdf |
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