MA H1551

Bill

Relative to stabilization fund withdrawals

Introduced
01/23/2017

In Committee
01/23/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th 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 requires a two-thirds vote of the Senate and House of Representatives before making any appropriations from the Stabilization Fund, which is a reserve fund used to stabilize state revenues. The Stabilization Fund is an important financial mechanism for the state, and this bill aims to add an additional layer of legislative oversight before withdrawals can be made from the fund.

Committee Categories

Budget and Finance

Sponsors (18)

Jay Barrows (R), Nick Boldyga (R), Angelo D'Emilia (R), Geoffrey Diehl (R), Kim Ferguson (R), Paul Frost (R), Susan Gifford (R), Sheila Harrington (R), Steven Howitt (R), Randy Hunt (R), Brad Jones (R), Hannah Kane (R), Kevin Kuros (R), Joe McKenna (R), Dave Muradian (R), Matt Muratore (R), Todd Smola (R), Dave Vieira (R),

Last Action

Accompanied a study order, see H4244 (on 02/22/2018)

Official Document

https://malegislature.gov/Bills/190/H1551

(11 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H1551
Bill	https://malegislature.gov/Bills/190/H1551.pdf

Bill	Bill Name	Last Action	Type
H1483	To reduce the pension fund liability	Accompanied a study order, see H4244	Similar To
H1621	Relative to the revenue to the stabilization fund	Accompanied a study order, see H4244	Similar To
H1647	Creating a legislative budget office	No further action taken	Similar To
H1672	Relative to the Committee for Public Counsel Services	Accompanied a study order, see H4481	Similar To
H1673	Relative to CPCS reimbursement	Accompanied a study order, see H4481	Similar To
H356	Authorizing the establishment of a special election guarantee fund	Accompanied a study order, see H4252	Similar To
H3825	Relative to transfers from the General Fund to the Stabilization Fund	No further action taken	Similar To
H4244	House study order	No further action taken	Replaced by
S1137	Relative to regional stabilization funds	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1646	Dedicating a portion of the stabilization fund to cities and towns	Accompanied a study order, see S2497	Similar To
S24	Authorizing the town of Milton to establish a special purpose stabilization fund	Signed by the Governor, Chapter 43 of the Acts of 2017	Similar To

Bill > H1551

MA H1551

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (18)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary