MA H4365

Bill

Authorizing the Somerville Retirement Board to divest from fossil fuel companies

Introduced
04/02/2018

In Committee
04/02/2018

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

By Ms. Provost of Somerville, a petition of Denise Provost and others (with the approval of the mayor and city council) that the Somerville Retirement Board be authorized to divest from fossil fuel companies. Public Service. [Local Approval Received.]

AI Summary

This bill authorizes the Somerville Retirement Board (SRB) to divest, in whole or in part, from investments in fossil fuel companies. The SRB may follow the procurement process described in Chapter 32, section 23B of the General Laws to invest in index funds or other investment vehicles that do not include fossil fuel companies. Fossil fuel companies are defined as those identified by a Global Industry Classification System code in the coal and consumable fuels, integrated oil and gas, or oil and gas exploration and production sectors. The bill takes effect upon its passage.

Committee Categories

Labor and Employment

Sponsors (4)

Christine Barber (D), Mike Connolly (D), Pat Jehlen (D), Denise Provost (D),

Last Action

Accompanied a study order, see H4709 (on 07/09/2018)

Official Document

https://malegislature.gov/Bills/190/H4365

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H4365
Bill	https://malegislature.gov/Bills/190/H4365.pdf

Bill	Bill Name	Last Action	Type
H2788	Granting the city of Somerville the authority to require the adoption of institutional master plans subject to the review and approval by the municipality	No further action taken	Similar To
H3281	Relative to public investment in fossil fuels	Accompanied a study order, see H4788	Similar To
H3882	Authorizing the city of Somerville to impose impact fees for any development project for the purposes of funding the Green Line Extension	No further action taken	Similar To
H4085	Increasing The Maximum Age To Be Eligible For Appointment As A Special Police Officer In The City Of Somerville	Signed by the Governor, Chapter 92 of the Acts of 2018	Similar To
H4709	Study order	Discharged to the committee on House Rules	Replaced by
H4951	Requiring the appointment of additional members to the Somerville Redevelopment Authority	Signed by the Governor, Chapter 364 of the Acts of 2018	Similar To
S1139	Authorizing the City of Somerville to borrow funds to pay certain costs of the Green Line Extension	Signed by the Governor, Chapter 21 of the Acts of 2017	Similar To
S2664	Amending the charter of the city of Somerville	New draft substituted, see S2676	Similar To
S2676	Amending the charter of the city of Somerville	Signed by the Governor, Chapter 355 of the Acts of 2018	Similar To

Bill > H4365

MA H4365

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

bill text

bill summary

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