Section 10 Advisory committee; members - Massachusetts Statutes

Section 10. An advisory committee is hereby established to oversee the implementation of the financial institution match system established pursuant to section three. Said advisory committee shall consist of one member of the state senate, one member of the house of representatives, the commissioner or his designee, and six persons to be appointed by the governor, four of whom shall represent commercial banks, savings banks, savings and loans associations, cooperative banks, credit unions, and mutual funds; provided, however, that at least one member of such committee shall represent financial institutions with assets of less than one hundred million dollars. Said members shall, annually, elect a chairperson. Said committee shall meet from time to time and at a place convenient to its purpose. Said committee may recommend to the commissioner changes to the report specifications, as provided in section three, and improvements to ensure compatibility among data processing systems or other measures to reduce costs or improve efficiencies.