HOUSE DOCKET, NO. 2527 FILED ON: 1/17/2019
HOUSE . . . . . . . . . . . . . . . No. 1232
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The Commonwealth of Massachusetts
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PRESENTED BY:
Paul McMurtry
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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 the endowment match program.
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PETITION OF:
Name: | District/Address: | Date Added: |
Paul McMurtry | 11th Norfolk | 1/17/2019 |
Tommy Vitolo | 15th Norfolk | 1/28/2019 |
John J. Lawn, Jr. | 10th Middlesex | 2/1/2019 |
HOUSE DOCKET, NO. 2527 FILED ON: 1/17/2019
HOUSE . . . . . . . . . . . . . . . No. 1232
By Mr. McMurtry of Dedham, a petition (accompanied by bill, House, No. 1232) of Paul McMurtry, Tommy Vitolo and John J. Lawn, Jr., relative to the higher education endowment match program. Higher Education. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 641 OF 2017-2018.]
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-First General Court
(2019-2020)
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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 15E of chapter 15A of the General Laws, as appearing in the official acts of 2014, is amended by removing the following words in the second paragraph “subject to appropriation” and inserting the following after the last 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; provided further, that, to the extent possible, the state universities, community colleges, and the university of Massachusetts shall utilize the funds to increase the number of scholarship opportunities for students;"