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Bill > H1081


MA H1081

Relative to municipal deposits


summary

Introduced
01/23/2017
In Committee
02/06/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to liability of cities, towns, districts or regional school districts for loss of public monies by reason of the closing or liquidation of depository institutions. Municipalities and Regional Government.

AI Summary

This bill amends Chapter 44 of the General Laws to provide that a city, town, district, or regional school district officer who deposits public money in a depository institution as authorized by law and exercises due care shall not be personally liable for any loss of public money due to the closing or liquidation of the depository institution. The bill seeks to protect municipal officials from personal liability in such situations.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

No further action taken (on 01/01/2019)

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