Legislature Approves State Budget; Final Version Does Not Contain Proposed Restrictions On Non-Profit Director and Officer Compensation

Author:Ms Sharon Lincoln, Kevin C. Conroy and Noah J. Kaufman
Profession:Foley Hoag LLP
 
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On Thursday, June 28, the Massachusetts House and Senate each voted to approve a $32.5 billion state budget bill. We had previously reported on an amendment to the budget that would have prohibited the compensation of directors, independent officers and trustees of public charities without the approval of the Massachusetts attorney general. This amendment was not included in the budget bill passed yesterday...

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