SENATE DOCKET, NO. 850        FILED ON: 1/14/2025

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No.         

The Commonwealth of Massachusetts

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PRESENTED BY:

Joanne M. Comerford

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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 to modernize the endowment match program for community colleges.

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PETITION OF:

SENATE DOCKET, NO. 850        FILED ON: 1/14/2025

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No.         

The Commonwealth of Massachusetts

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In the One Hundred and Ninety-Fourth General Court
(2025-2026)

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An Act to modernize the endowment match program for community colleges.

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 2022 Official Edition, is hereby amended by inserting the following sentence at the end of the second paragraph:- A community college shall be eligible to receive said match for any private donations received by its foundation, regardless of whether said funds are endowed or contributed to a capital outlay program.

SECTION 2. Said section 15E of said chapter 15A, as so appearing, is hereby further amended by striking out the word “Private” in the third paragraph, and inserting in place thereof the following words:- Except for the community colleges, private

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