The Commonwealth of Massachusetts

^{_______________}

PRESENTED BY:

William Smitty Pignatelli

^{_______________}

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
                Court assembled:

                The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:

An Act to provide choice in U Plan investing.

^{_______________}

PETITION OF:

The Commonwealth of Massachusetts

^{_______________}

In the Year Two Thousand and Nine

^{_______________}

An Act to provide choice in U Plan investing.

                Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. Notwithstanding any general or special law to the contrary, the treasurer shall establish and oversee the implementation of a new fund under the current U Plan. This plan shall be designed to give donors the power to direct where they wish to invest assets. The plan shall be implemented by local banks and shall be FDIC insured.