MA H2956

Bill

Relative to public funds

Introduced
01/23/2017

In Committee
01/23/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to the depositing of public monies. Financial Services.

AI Summary

This bill amends several sections of Massachusetts General Laws to allow federal credit unions, in addition to banks, to receive and hold public funds. Specifically, it modifies laws related to the depositing of public monies, including trust funds, by cities and towns. The bill also establishes a limit of 25% of a credit union's assets for the total public funds it can hold at any given time. The overall purpose is to expand the list of financial institutions that can accept and manage public funds in the state.

Committee Categories

Business and Industry

Sponsors (1)

Thomas Golden (D),

Last Action

Accompanied a study order, see H4778 (on 07/18/2018)

Official Document

https://malegislature.gov/Bills/190/H2956

(6 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H2956
Bill	https://malegislature.gov/Bills/190/H2956.pdf

Bill	Bill Name	Last Action	Type
H1770	Relative to accountability of public funds used for wind turbines	Accompanied a study order, see H4651	Similar To
H36	Relative to the deposit of public monies	Accompanied a study order, see H4778	Similar To
H4778	Financial services	Discharged to the committee on House Rules	Replaced by
S1721	Requiring the disclosure of public funding	Bill reported favorably by committee and referred to the committee on Senate Rules	Similar To
S577	Relative to public funds	Accompanied a study order, see S2496	Similar To
S656	Relative to hospital profit and fairness	Accompanied a study order, see S2535	Similar To

Bill > H2956

MA H2956

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary