An Act to modernize the endowment match program for community colleges
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| Committee | Recommendation | Vote |
|---|---|---|
| J29 | Accompanied | — |
| Bill | Title | Status |
|---|---|---|
| H1454 | An Act to modernize the endowment match program for community colleges | Active |
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.
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
This act shall take effect immediately upon passage.
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.