Mass. Gen. Laws ch. 10 § 10A

Current through Chapter 216 of the 2024 Legislative Session
Section 10:10A - Preferential deposits to institutions lending to small businesses

The state treasurer shall whenever possible, establish a preference in the deposit of the commonwealths cash reserves to those lending and banking institutions that exceed the statewide average for lending to small businesses, as defined in section 57 of chapter 23A; provided, however, that this shall not prohibit the treasurer from depositing and investing said reserves in such a manner as to secure the highest rate of return available consistent with the safety of said reserves.

Mass. Gen. Laws ch. 10, § 10A

Added by Acts 2010, c. 240,§ 10, eff. 8/1/2010.