H1447 • 2025

An Act relative to the endowment match program

Education

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Michael P. Kushmerek
Last action: 2026-01-07
Official status: Referred to House Committee on Ways and Means
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act relative to the endowment match program

An Act relative to the endowment match program By Representative Kushmerek of Fitchburg, a petition (accompanied by bill, House, No.

What This Bill Does

An Act relative to the endowment match program By Representative Kushmerek of Fitchburg, a petition (accompanied by bill, House, No.
1447) of Michael P.
Kushmerek and Jacob R.
Oliveira for legislation to encourage private fundraising by public institutions of higher education.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-01-07 House
Bill reported favorably by committee and referred to the committee on House Ways and Means
2025-08-28 Joint
Hearing scheduled for 09/11/2025 from 1:00 PM-5:00 PM in A-1
2025-02-27 House
Referred to the committee on Higher Education
2025-02-27 Senate
Senate concurred

Official Summary Text

An Act relative to the endowment match program
By Representative Kushmerek of Fitchburg, a petition (accompanied by bill, House, No. 1447) of Michael P. Kushmerek and Jacob R. Oliveira for legislation to encourage private fundraising by public institutions of higher education. Higher Education.
Status:
Referred to House Committee on Ways and Means

Current Bill Text

Read the full stored bill text

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Bill H.1447

Section 15E of chapter 15A of the General Laws, as appearing in the 2022 official edition, is hereby amended by removing the words “subject to appropriation” in lines 8 and 12 and by inserting at the end thereof the following paragraph:-

"Not less than $30,000,000 shall be expended for the purposes of continuing the implementation of section 15E of chapter 15A of the General Laws to encourage private fundraising by the Commonwealth’s public institutions of higher education for the endowment and capital outlay programs of those institutions; provided further, that the board of higher education shall implement this program in a manner which ensures that each institution shall have an opportunity to secure matching funds from this item; provided further, that $10,000,000 shall be allocated to the University of Massachusetts; provided further, that $10,000,000 shall be allocated to state universities; provided further, that $10,000,000 shall be allocated to community colleges; provided further, that if any funds allocated herein for disbursement to community colleges shall be unused, the remaining funds shall be made available to the state universities; provided further, that if any funds allocated herein for disbursement to state universities shall be unused, the remaining funds shall be made available to the University of Massachusetts;"

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