Budget Amendment ID: FY2013-S4-260

ECO 260

Regional Centers of Excellence

Messrs. Wolf and Donnelly and Ms. Candaras moved that the proposed new text be amended by striking section 107, and inserting in place thereof, the following:-

SECTION 107. (a) Notwithstanding any general or special law to the contrary, after 1436 complying with clause (a) of section 5C of chapter 29 of the General Laws, the comptroller shall 1437 dispose of the consolidated net surplus in the budgetary funds for fiscal year 2012 as follows: (i) 1438 transfer $15,000,000 from the General Fund to the Massachusetts Life Sciences Investment Fund 1439 established by section 6 of chapter 23I of the General Laws; (ii) the comptroller shall transfer $10,000,000 from the General Fund to the Workforce Competitiveness Trust Fund established by section 2WWW of chapter 29 of the General Laws, but the department of career services shall make expenditures from the Fund to establish regional centers of excellence at community colleges, vocational or technical high schools, or collaborations between community colleges and vocation or technical high schools; and (iii) transfer the remaining balance from the General Fund to the Commonwealth Stabilization Fund.

(b) All transfers pursuant to this section shall be made from the undesignated fund 1442 balances in the budgetary funds proportionally from the undesignated fund balances; provided, 1443 however, that no such transfer shall cause a deficit in any of the funds.