WeVote
Log In

Bill

Bill

HD 5179

A communication from the Massachusetts Capital Resource Company (see Section 12 of Chapter 816 of the Acts of 1977) submitting its annual report describing the formation and current status of said company [a copy of said report was forwarded to the Speaker of the House and Senate President, as required by said law]

194th Legislature (2025-2026)

Overview: HD 5179 is a proposed bill that requires the Massachusetts Capital Resource Company to submit an annual report describing the formation and current status of the company.

Placed on file
0
WeVote Research Nonpartisan
Bill Summary · HD 5179

Overview: HD 5179 is a proposed bill that requires the Massachusetts Capital Resource Company to submit an annual report describing the formation and current status of the company. This report is to be forwarded to the Speaker of the House and Senate President, as required by law.

Purpose and Intent: The purpose of this bill is to ensure transparency and accountability for the Massachusetts Capital Resource Company, which was formed under Section 12 of Chapter 816 of the Acts of 1977. The annual report requirement allows the legislature and the public to stay informed about the company's activities and financial status.

Key Provisions:
- Requires the Massachusetts Capital Resource Company to submit an annual report
- Specifies that the report must describe the formation and current status of the company
- Mandates that the report be forwarded to the Speaker of the House and Senate President

Affected Parties and Impacts: The primary affected party is the Massachusetts Capital Resource Company, which must comply with the annual reporting requirement. The general public and the legislature also benefit from the increased transparency and oversight provided by this bill.

Procedural and Timeline Considerations: The bill has been placed on file, indicating that it has been introduced but not yet acted upon by the legislature. The next step would be for the bill to be considered and potentially voted on by the relevant legislative committees and chambers.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.