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MA H1447
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Michael Kushmerek
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AI Summary
- Amends Section 15E of Chapter 15A of the General Laws by removing the "subject to appropriation" language, making the endowment match program mandatory rather than discretionary
- Establishes a minimum of $30,000,000 in state matching funds to encourage private fundraising for endowment and capital outlay programs at public higher education institutions
- Allocates funds equally among three tiers: $10,000,000 to the University of Massachusetts, $10,000,000 to state universities, and $10,000,000 to community colleges
- Unused community college funds transfer to state universities; unused state university funds transfer to the University of Massachusetts
- Board of Higher Education must implement the program to ensure each institution has an opportunity to secure matching funds
Legislative Description
Relative to the endowment match program
Last Action
Bill reported favorably by committee and referred to the committee on House Ways and Means
1/7/2026
Committee Referrals
Ways and Means1/7/2026
Higher Education2/27/2025
Full Bill Text
No bill text available