Massachusetts Senate Passes Bill to Study the Feasibility of a State-Owned Bank

Senate passes bill to stimulate growth
Milford Daily News
Posted Apr 12, 2010 @ 05:20 PM

Sen. Karen Spilka, D-Ashland, announced Thursday the senate passed legislation to promote a more business-friendly environment to help stimulate job growth in the state.

…Other bill provisions include prohibiting the use of state funds to pay for registered lobbyists; stopping agency executive salaries from exceeding the amount of the Governor’s salary; providing a three-year permit extension for development projects struggling with tight credit conditions and calling for a study of business energy costs, as well as a study to determine the feasibility of a state-owned bank.

Read the entire article here.

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