Massachusetts H3206 mandates fossil fuel-free investment options in college savings programs.

Massachusetts H3206 amends the state's General Laws to require that college savings programs, also known as 529 plans, offer a "fossil fuel free portfolio." This portfolio must restrict fossil fuel investments to less than 0.25% of its total portfolio and have an expense ratio no higher than 1.5 times the median expense ratio of all portfolios offered by the Massachusetts Educational Financing Authority. The fund must also explicitly state that fossil fuel companies are excluded from the fund's prospectus.

Massachusetts H3206 mandates fossil fuel-free investment options in college savings programs.

Massachusetts H3206 amends the state's General Laws to require that college savings programs, also known as 529 plans, offer a "fossil fuel free portfolio." This portfolio must restrict fossil fuel investments to less than 0.25% of its total portfolio and have an expense ratio no higher than 1.5 times the median expense ratio of all portfolios offered by the Massachusetts Educational Financing Authority. The fund must also explicitly state that fossil fuel companies are excluded from the fund's prospectus.