H 4039 Massachusetts House · 193rd Legislature (2023-2024)

An Act authorizing certain investments by the treasurer of the town of Norton

This bill allows the treasurer of the Town of Norton to invest the town's trust funds using the Prudent Investor Rule and the town's own investment policy. It specifically exempts the town from a state law that otherwise restricts how municipalities can manage their investment accounts. By making this change, the legislation gives the town's Select Board the authority to update investment guidelines without needing further state approval.

Bill status passed both 4 of 5 stages cleared

Introduction

Aug 2023

Committee Review

Nov 2023

House Passage

Dec 2023

Senate Passage

Aug 2023

Governor

Introduced Aug 3, 2023 Last action Jan 18, 2024

Floor votes

How they voted

This bill passed the Senate. No roll call record of that vote is available.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Dec 14, 2023

Lower · Passed

Read third and passed to be engrossed

lower

Nov 13, 2023

Lower · Passed

Committee reported that the matter be placed in the Orders of the Day for the next sitting

lower

Oct 16, 2023

Lower · Passed

Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling

lower

Aug 7, 2023

Upper · Passed

Senate concurred

upper

Aug 3, 2023

Committee

Referred to the committee on Municipalities and Regional Government

lower

0 primary · 3 co-sponsors