An Act relative to fossil fuel free 529s

This bill amends Massachusetts' 529 college savings program rules to allow the inclusion of "fossil fuel free" investment options. It defines a "fossil fuel free portfolio" as one with less than 0.25% fossil fuel investments (excluding companies involved in exploration, extraction, or processing of fossil fuels) and a reasonable fee structure. The amendment updates the law to explicitly permit these options within state-run college savings programs, even if not otherwise offered through the standard MEFA program. This directly affects MEFA (the state's 529 administrator) and investors in Massachusetts' college savings plans, providing a new investment choice meeting specific environmental criteria.