Chapter 6A of the General Laws is hereby amended by inserting after section 14A the following section:-
Section 14B. There shall be established and set up on the books of the commonwealth a separate fund to be known as the Commonwealth Education Innovation Trust Fund. The fund shall receive annual appropriations from the commonwealth, which may be supplemented by funds donate by the business and nonprofit communities, as well as individual donors and philanthropists. The secretary of education shall be the trustee of the fund and, in consultation with the boards and commissioners of early education and care, elementary and secondary education, and higher education, shall expend monies to foster innovation in policy, practice, research, professional development, and other capacity-building measures.
This section establishes the Commonwealth Education Innovation Trust Fund, to allow the Secretary of Education to expend funds to promote educational innovation programs.