Bill
SD 3311
Overview: SD 3311, Massachusetts Technology Development Corporation FY25 audited financials, placed on file, introduced on October 23, 2025.Purpose and Intent: This proposed bill w
Overview: SD 3311, Massachusetts Technology Development Corporation FY25 audited financials, placed on file, introduced on October 23, 2025.
Purpose and Intent: This proposed bill would require the Massachusetts Technology Development Corporation (MTDC) to submit its audited financial statements for the 2025 fiscal year to the state legislature. The goal is to provide transparency and oversight of the MTDC's financial activities and use of public funds.
Key Provisions:
- Mandates the MTDC to submit its FY25 audited financial statements to the legislature by a specified deadline
- Requires the financial statements to be made publicly available on the MTDC's website
- Grants the legislature the authority to review and request additional information about the MTDC's finances
Affected Parties and Impacts: This bill would directly impact the MTDC, a quasi-public agency that provides financing and support to technology companies in the state. The increased financial reporting and legislative oversight aims to ensure the MTDC is using its resources effectively and in alignment with its public mission.
Procedural and Timeline Considerations: The bill has been placed on file, indicating it has been introduced but not yet scheduled for further action. Additional legislative steps, such as committee hearings and votes, would be required for the bill to advance.
Compiled from official sources — confirm details with the bill’s official record.
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