HOUSE DOCKET, NO. 4189        FILED ON: 3/20/2009

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3901

The Commonwealth of Massachusetts

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In the Year Two Thousand Nine

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An Act to provide choice in U Plan investing..

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

SECTION 1. Notwithstanding any general or special law to the contrary, the treasurer shall establish and oversee the implementation of a new fund under the current U Plan. This plan shall be designed to give donors the power to direct where they wish to invest assets. The plan shall be implemented by local banks and shall be FDIC insured.