Session Laws

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

Paragraph (b) of subdivision (2) of section 23 of chapter 32 of the General Laws, as appearing in the 1994 Official Edition, is hereby amended by striking out the introductory paragraph and inserting in place thereof the following paragraph:-

The board of each such system shall invest and reinvest the funds of such system, to the extent not required for current disbursements, in the PRIT Fund pursuant to subdivision (8) of section twenty-two, in the PRIT Fund by purchasing shares of said fund as provided for in the trust agreement adopted by the PRIM board pursuant to subdivision (2A) or as follows:.