Massachusetts S766 allows municipalities to deposit funds into credit unions.
Massachusetts S766 amends state laws to permit municipalities to deposit funds into credit unions. The bill modifies several sections of the General Laws to include credit unions as eligible institutions for municipal deposits. It also sets a limit of 25% of the credit union's assets for such deposits. This change aims to provide municipalities with more options for managing their funds.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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