SENATE DOCKET, NO. 1767 FILED ON: 1/16/2015
SENATE . . . . . . . . . . . . . . No. 1064
|
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Viriato M. 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: |
|
Viriato M. deMacedo | Plymouth and Barnstable |
|
Mathew Muratore | 1st Plymouth |
|
Susan Williams Gifford | 2nd Plymouth |
|
Thomas J. Calter | 12th Plymouth |
|
Josh S. Cutler | 6th Plymouth |
|
Angelo L. D'Emilia | 8th Plymouth |
|
Claire D. Cronin | 11th Plymouth |
|
James M. Cantwell | 4th Plymouth |
|
Michael D. Brady | Second Plymouth and Bristol |
|
Garrett J. Bradley | 3rd Plymouth |
|
Randy Hunt | 5th Barnstable |
|
Thomas P. Kennedy | Second Plymouth and Bristol | 3/4/2015 |
SENATE DOCKET, NO. 1767 FILED ON: 1/16/2015
SENATE . . . . . . . . . . . . . . No. 1064
By Mr. deMacedo, a petition (accompanied by bill, Senate, No. 1064) of Viriato M. deMacedo, Mathew Muratore, Susan Williams Gifford, Thomas J. Calter and other members of the General Court relative to the establishment of a county stabilization fund. Municipalities and Regional Government. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 1829 OF 2013-2014.]
The Commonwealth of Massachusetts
_______________
In the One Hundred and Eighty-Ninth General Court
(2015-2016)
_______________
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. Section 28B of chapter 35 of the General Laws, as so appearing in the 2012 Official Edition, 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.