Amendment ID: S2262-5

Amendment 5

Charter Reconsideration

Messrs. Tarr and Montigny move to amend the bill by inserting, after Section__, the following new Section:-

“SECTION__.  Section 89 of chapter 71 of the General Laws is hereby amended in subsection (ee) by inserting at the end thereof the following new paragraph:-

The board may also, on its own motion or by request, reconsider its grant of a charter and revoke or suspend said charter within six months of approval of that charter; provided, that the revocation must be accompanied by written findings explaining the action of the board; provided further, that the charter applicant shall be given sufficient notice and an opportunity to be heard before the board on the matter.”