HOUSE DOCKET, NO. 2458        FILED ON: 1/17/2013

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1829

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Viriato Manuel deMacedo

_________________

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 the establishment of a county stabilization fund.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Viriato Manuel deMacedo

1st Plymouth

1/17/2013

Josh S. Cutler

6th Plymouth

 

Michael D. Brady

9th Plymouth

1/31/2013

Thomas J. Calter

12th Plymouth

1/31/2013

Christine E. Canavan

10th Plymouth

1/31/2013

James M. Cantwell

4th Plymouth

2/1/2013

Angelo L. D'Emilia

8th Plymouth

2/1/2013

Susan Williams Gifford

2nd Plymouth

2/1/2013

Keiko M. Orrall

12th Bristol

2/1/2013

Randy Hunt

5th Barnstable

1/30/2013

Geoff Diehl

7th Plymouth

1/31/2013

Garrett J. Bradley

3rd Plymouth

 


HOUSE DOCKET, NO. 2458        FILED ON: 1/17/2013

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1829

By Mr. deMacedo of Plymouth, a petition (accompanied by bill, House, No. 1829) of Viriato Manuel deMacedo and others relative to the establishment of county stabilization funds.  Municipalities and Regional Government.

 

The Commonwealth of Massachusetts

 

_______________

In the Year Two Thousand Thirteen

_______________

 

An Act relative to the establishment of a county stabilization fund.

 

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. Chapter 35, Section 28B of the General Laws is hereby amended by inserting after section (i) the following section:-

(j) For the purpose of creating and maintaining a County Stabilization Fund the advisory board may appropriate in any year any amount as may be approved by a two-thirds vote.  Any interest shall be added to and become part of the fund.

The Treasurer shall be custodian of said fund and may deposit the proceeds in national banks or invest the proceeds by deposit in savings banks, cooperative banks or in participation units in a combined investment fund under section thirty-eight A of chapter twenty-nine, or invest the same in such securities as are legal for the investment of funds of savings banks under the provisions of chapter one hundred and sixty-eight or in federal savings and loans situated in the commonwealth.

The County Stabilization Fund may be appropriated by the county commissioners with the approval of a two-thirds vote of the advisory board for any purpose.