HOUSE DOCKET, NO. 1761        FILED ON: 1/20/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1242

 

The Commonwealth of Massachusetts

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PRESENTED BY:

Sean Garballey

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to public higher education.

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PETITION OF:

 

Name:

District/Address:

Date Added:

Sean Garballey

23rd Middlesex

1/20/2011

Lori A. Ehrlich

8th Essex

1/26/2011

Ellen Story

3rd Hampshire

2/3/2011

Benjamin Swan

11th Hampden

2/4/2011


HOUSE DOCKET, NO. 1761        FILED ON: 1/20/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1242

By Mr. Garballey of Arlington, a petition (accompanied by bill, House, No. 1242) of Sean Garballey and others relative to the finances and funding of public higher educational institutions.  Higher Education.

 

The Commonwealth of Massachusetts

 

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In the Year Two Thousand Eleven

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An Act relative to public higher education.

 

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

Sec 1.  Ch.15A is hereby amended by striking sec.15C.

Sec 2.  Notwithstanding any general or special law or rule or regulation to the contrary, the Office of State Comptroller shall not charge any public college or university a fee for processing checks that go through HR/CMS.

Sec 3.  Not withstanding any general or special law or rule or regulation Public Institutions of Higher Education may elect to pay its payroll tax from either local funds or its state appropriation.

Sec 4.  Not with standing any general or special law to the contrary Foundations established for the benefit of public colleges and universities may enter into any lease agreements permitted by law.

Sec 5.   Section 4 of Chapter 773 of the Acts of 1960 is hereby amended by striking out paragraph (n) and inserting in place thereof the following:--

(n) To invest any funds held by it pending disbursement in such investments as may be legal investments for funds of the commonwealth or any fiduciary in the commonwealth.

Sec 6.  Section 15E of chapter 15A of the General Laws, as amended by section 26 of chapter 189 of the acts of 2010, is hereby amended by striking out the second paragraph and inserting in place thereof the following paragraph:-

“Subject to appropriation, the commonwealth shall contribute funds to each institution's recognized foundation in an amount necessary to match private contributions in the current fiscal year to the institutions or a foundation's endowment or capital outlay program based on the following matching formula: subject to appropriation, the commonwealth's contribution shall be equal to $1 for every $2, or $1 for the greater number of dollars established by the board of higher education, privately contributed to the university's board of trustees or a foundation; $1 for every $2, or $1 dollar for such greater number of dollars as may be established by the board of higher education, privately contributed to each state university's board of trustees or foundation; and $1 for every $2, or $1 for such greater number of dollars as may be established by the board of higher education, privately contributed to each community college's board of trustees or foundation.”

Sec.7.  Said section 15E of Ch.15A shall be further amended by striking the fourth paragraph.