Bill Text: MA H3893 | 2009-2010 | 186th General Court | Introduced

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Bill Title: Establishing a statewide disaster fund from deductions from homeowner's insurance policies

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 3/3 at 1:00 PM in Hearing Room A2 [H3893 Detail]

Download: Massachusetts-2009-H3893-Introduced.html

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The Commonwealth of Massachusetts

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PRESENTED BY:

Barry R. Finegold

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
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��������������� The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:

An Act establishing a statewide disaster fund.

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PETITION OF:

 

Name:	District/Address:
Barry R. Finegold	17th Essex
Christopher N. Speranzo	3rd Berkshire

 

The Commonwealth of Massachusetts

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In the Year Two Thousand and Nine

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An Act establishing a statewide disaster fund.

��������������� 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.� Chapter 29 of the General Laws is hereby amended by inserting after section 2YYY the following section:-

����������� Section 2ZZZ.� There shall be established and set up on the books of the commonwealth a separate fund, to be known as the Statewide Disaster Fund.� The fund shall deduct $1 off homeowners� insurance policies to be used when regular homeowners and flood insurance policies do not cover damage caused by flooding.

����������� SECTION 2.� Section 4C of chapter 175 of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by adding the following sentence:-� One dollar shall be deducted from each homeowner�s policy written and shall be deposited into the Statewide Disaster Fund, established by section 2ZZZ of chapter 29.

����������� SECTION 3.� Section 102D of said chapter 175, as so appearing, is hereby amended by adding the following sentence:- $1.00 shall be deducted from each homeowner�s policy written and shall be deposited into the Statewide Disaster Fund, established by section 2ZZZ of chapter 29.

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