HOUSE DOCKET, NO. 3936        FILED ON: 1/18/2019

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1228

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Adrian C. Madaro

_________________

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 endowment match program.

_______________

PETITION OF:

 

Name:

District/Address:

Adrian C. Madaro

1st Suffolk

Frank A. Moran

17th Essex

Brendan P. Crighton

Third Essex

Thomas A. Golden, Jr.

16th Middlesex

David Paul Linsky

5th Middlesex

Steven Ultrino

33rd Middlesex

John C. Velis

4th Hampden

Bruce E. Tarr

First Essex and Middlesex

Nika C. Elugardo

15th Suffolk

Tram T. Nguyen

18th Essex

Mathew J. Muratore

1st Plymouth

William L. Crocker, Jr.

2nd Barnstable

James B. Eldridge

Middlesex and Worcester

Sean Garballey

23rd Middlesex

Jennifer E. Benson

37th Middlesex

Daniel J. Ryan

2nd Suffolk

David T. Vieira

3rd Barnstable

Susannah M. Whipps

2nd Franklin


HOUSE DOCKET, NO. 3936        FILED ON: 1/18/2019

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1228

By Mr. Madaro of Boston, a petition (accompanied by bill, House, No. 1228) of Adrian C. Madaro and others that the endowment match program provide matching funds for public higher education institutions.  Higher Education.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-First General Court
(2019-2020)

_______________

 

An Act relative to the endowment match program.

 

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 15E of chapter 15A of the General Laws, as appearing in the 2016 official edition, is hereby amended by removing the words “subject to appropriation” in lines 8 and 12 and by inserting at the end thereof the following paragraph:-

"Not less than $20,000,000 shall be expended for the purposes of continuing the implementation of section 15E of chapter 15A of the General Laws to encourage private fundraising by the commonwealth’s public institutions of higher education for the endowment and capital outlay programs of those institutions; provided further, that the board of higher education shall implement this program in a manner which ensures that each institution shall have an opportunity to secure matching funds from this item; provided further, that $10,000,000 shall be allocated to the university of Massachusetts; provided further, that $5,000,000 shall be allocated to state universities; provided further, that $5,000,000 shall be allocated to community colleges; provided further, that if any funds allocated herein for disbursement to community colleges shall be unused, the remaining funds shall be made available to the state universities; provided further, that if any funds allocated herein for disbursement to state universities shall be unused, the remaining funds shall be made available to the university of Massachusetts;"