HOUSE DOCKET, NO. 2445        FILED ON: 1/20/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2317

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Cory Atkins

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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 Authorizing the Investment of Certain Funds for the Water Supply District of Acton.

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PETITION OF:

 

Name:

District/Address:

Date Added:

Cory Atkins

14th Middlesex

1/20/2011

Jennifer E. Benson

37th Middlesex

1/21/2011

James B. Eldridge

 

1/21/2011


HOUSE DOCKET, NO. 2445        FILED ON: 1/20/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2317

By Ms. Atkins of Concord, a petition (accompanied by bill, House, No. 2317) of Cory Atkins, Jennifer E. Benson and James B. Eldridge relative to the investment of certain funds for the Water Supply District of Acton. Municipalities and Regional Government.

 

The Commonwealth of Massachusetts

 

_______________

In the Year Two Thousand Eleven

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An Act Authorizing the Investment of Certain Funds for the Water Supply District of Acton.

 

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 law or special law to the contrary, the treasurer of the Water Supply District of Acton may invest the funds, now in the custody of the treasurer and held as the W.R. Grace Settlement Fund account in accordance with the prudent investor rule and sections 3, 4, 5, 8, 9, and 10 of chapter 203C of the General Laws. The district shall develop investment policies that shall include an asset allocation policy for each account and shall select professional investment advisors to manage such funds.

SECTION 2.  Section 55 of chapter 44 of the General Laws shall not apply to the Water Supply District of Acton’s account for the W.R. Grace Settlement Fund.

SECTION 3.  This act shall take effect upon its passage.