HOUSE DOCKET, NO. 104 FILED ON: 1/10/2011
HOUSE . . . . . . . . . . . . . . . No. 770
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The Commonwealth of Massachusetts
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PRESENTED BY:
Jason M. Lewis, (BY REQUEST)
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act relative to surplus revenue.
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PETITION OF:
Name: | District/Address: | Date Added: |
John DeGeorge | 148 Franklin Street Stoneham, MA 02180 |
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HOUSE DOCKET, NO. 104 FILED ON: 1/10/2011
HOUSE . . . . . . . . . . . . . . . No. 770
By Mr. Lewis of Winchester (by request), a petition (accompanied by bill, House, No. 770) of John DeGeorge that funds designated by the commissioner of revenue as surplus be transferred to the stabilization fund. Revenue. |
The Commonwealth of Massachusetts
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In the Year Two Thousand Eleven
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An Act relative to surplus revenue.
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 26 of the acts of 1981, as most recently amended by chapter 296 of the acts of 2004, is further amended by adding the following section: -
Section 17. Upon receipt of the department of revenue certification of the amount of surplus revenue (free cash) from a given fiscal year budget, that is available for use; the total amount shall be immediate transferred to the stabilization fund account.
SECTION 2. This act shall be effective upon its passage.