Bill
Bill > H4094
MA H4094
MA H4094Authorizing the treasurer of the Mohawk Trail Regional School District to invest the Carl H. Nilman Scholarship Trust Fund
summary
Introduced
12/18/2017
12/18/2017
In Committee
05/29/2018
05/29/2018
Crossed Over
07/16/2018
07/16/2018
Passed
07/16/2018
07/16/2018
Dead
Signed/Enacted/Adopted
07/25/2018
07/25/2018
Introduced Session
190th General Court
Bill Summary
By Mr. Kulik of Worthington, a petition (subject to Joint Rule 12) of Stephen Kulik, Paul W. Mark and Adam G. Hinds that the treasurer of the Mohawk Trail Regional School District be authorized to invest the Carl H. Nilman Scholarship Trust Fund. Education.
AI Summary
This bill authorizes the treasurer of the Mohawk Trail Regional School District to invest the Carl H. Nilman Scholarship Trust Fund in accordance with the Massachusetts Uniform Prudent Management of Institutional Funds Act (Chapter 203C of the General Laws), notwithstanding any other law to the contrary. The bill allows the treasurer to manage and invest the scholarship fund in a prudent manner, which may help grow the fund and ensure its long-term sustainability for providing scholarships to students.
Committee Categories
Education
Sponsors (3)
Last Action
Signed by the Governor, Chapter 151 of the Acts of 2018 (on 07/25/2018)
Official Document
bill text
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H4094 |
| Bill | https://malegislature.gov/Bills/190/H4094.pdf |
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