Establishes the Massachusetts Innovation Fund and State Agency Technology Upgrades Account to modernize state agency IT systems.
The bill creates the Massachusetts Innovation Fund and the State Agency Technology Upgrades Account to support state agencies in modernizing their information technology systems. The fund will receive money from various sources, including appropriations, grants, and interest earnings, and will be used to provide loans for qualifying IT modernization projects. The account will hold unexpended balances of IT-related appropriations. The Massachusetts Innovation Fund Board, consisting of various state officials and experts, will administer these funds and oversee the loan program.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.