| 1 | 1 | | 1 of 1 |
|---|
| 2 | 2 | | HOUSE DOCKET, NO. 1250 FILED ON: 1/14/2025 |
|---|
| 3 | 3 | | HOUSE . . . . . . . . . . . . . . . No. 1447 |
|---|
| 4 | 4 | | The Commonwealth of Massachusetts |
|---|
| 5 | 5 | | _________________ |
|---|
| 6 | 6 | | PRESENTED BY: |
|---|
| 7 | 7 | | Michael P. Kushmerek |
|---|
| 8 | 8 | | _________________ |
|---|
| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
|---|
| 10 | 10 | | Court assembled: |
|---|
| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
|---|
| 12 | 12 | | An Act relative to the endowment match program. |
|---|
| 13 | 13 | | _______________ |
|---|
| 14 | 14 | | PETITION OF: |
|---|
| 15 | 15 | | NAME:DISTRICT/ADDRESS :DATE ADDED:Michael P. Kushmerek3rd Worcester1/14/2025Jacob R. OliveiraHampden, Hampshire and Worcester2/10/2025 1 of 2 |
|---|
| 16 | 16 | | HOUSE DOCKET, NO. 1250 FILED ON: 1/14/2025 |
|---|
| 17 | 17 | | HOUSE . . . . . . . . . . . . . . . No. 1447 |
|---|
| 18 | 18 | | By Representative Kushmerek of Fitchburg, a petition (accompanied by bill, House, No. 1447) |
|---|
| 19 | 19 | | of Michael P. Kushmerek and Jacob R. Oliveira for legislation to encourage private fundraising |
|---|
| 20 | 20 | | by public institutions of higher education. Higher Education. |
|---|
| 21 | 21 | | [SIMILAR MATTER FILED IN PREVIOUS SESSION |
|---|
| 22 | 22 | | SEE HOUSE, NO. 1276 OF 2023-2024.] |
|---|
| 23 | 23 | | The Commonwealth of Massachusetts |
|---|
| 24 | 24 | | _______________ |
|---|
| 25 | 25 | | In the One Hundred and Ninety-Fourth General Court |
|---|
| 26 | 26 | | (2025-2026) |
|---|
| 27 | 27 | | _______________ |
|---|
| 28 | 28 | | An Act relative to the endowment match program. |
|---|
| 29 | 29 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
|---|
| 30 | 30 | | of the same, as follows: |
|---|
| 31 | 31 | | 1 Section 15E of chapter 15A of the General Laws, as appearing in the 2022 official |
|---|
| 32 | 32 | | 2edition, is hereby amended by removing the words “subject to appropriation” in lines 8 and 12 |
|---|
| 33 | 33 | | 3and by inserting at the end thereof the following paragraph:- |
|---|
| 34 | 34 | | 4 "Not less than $30,000,000 shall be expended for the purposes of continuing the |
|---|
| 35 | 35 | | 5implementation of section 15E of chapter 15A of the General Laws to encourage private |
|---|
| 36 | 36 | | 6fundraising by the Commonwealth’s public institutions of higher education for the endowment |
|---|
| 37 | 37 | | 7and capital outlay programs of those institutions; provided further, that the board of higher |
|---|
| 38 | 38 | | 8education shall implement this program in a manner which ensures that each institution shall |
|---|
| 39 | 39 | | 9have an opportunity to secure matching funds from this item; provided further, that $10,000,000 |
|---|
| 40 | 40 | | 10shall be allocated to the University of Massachusetts; provided further, that $10,000,000 shall be 2 of 2 |
|---|
| 41 | 41 | | 11allocated to state universities; provided further, that $10,000,000 shall be allocated to community |
|---|
| 42 | 42 | | 12colleges; provided further, that if any funds allocated herein for disbursement to community |
|---|
| 43 | 43 | | 13colleges shall be unused, the remaining funds shall be made available to the state universities; |
|---|
| 44 | 44 | | 14provided further, that if any funds allocated herein for disbursement to state universities shall be |
|---|
| 45 | 45 | | 15unused, the remaining funds shall be made available to the University of Massachusetts;" |
|---|