An Act relative to the endowment match program

This bill amends the state's endowment match program to guarantee a minimum funding level of $30 million for public higher education institutions. The legislation specifically allocates $10 million each to the University of Massachusetts, state universities, and community colleges to encourage private fundraising for endowments and capital projects. It also establishes a redistribution rule where any unused funds from community colleges or state universities are automatically transferred to the University of Massachusetts. By removing previous language that tied funding to annual appropriations, the bill ensures these specific funding amounts are available without requiring separate legislative approval each year.