HOUSE DOCKET, NO. 5017 FILED ON: 7/26/2018
HOUSE . . . . . . . . . . . . . . . No. 4830
Section 99 contained in the engrossed Bill making appropriations for the fiscal year 2019 (see House, No. 4800), which had been returned by His Excellency the Governor with recommendation of amendment (for message, see Attachment L of House, No. 4833). July 27, 2018. |
The Commonwealth of Massachusetts
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In the One Hundred and Ninetieth General Court
(2017-2018)
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An Act relative to a preservation trust fund transfer.
Whereas, The deferred operation of this act would tend to defeat its purpose, which is to provide for a preservation trust fund transfer, therefore it is hereby declared to be an emergency law, necessary for the immediate preservation of the public convenience.
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. Notwithstanding any general or special law to the contrary, prior to transferring the consolidated net surplus in the budgetary funds to the Commonwealth Stabilization Fund pursuant to section 5C of chapter 29 of the General Laws, the comptroller shall dispose of the consolidated net surplus in the budgetary funds for fiscal year 2018 as follows: $10,000,000 to the Massachusetts Community Preservation Trust Fund established in section 9 of chapter 44B of the General Laws; provided however if less than $10,000,000 is available in the surplus in the budgetary funds the comptroller shall transfer the entire amount of the surplus.
SECTION 2. This act shall take effect as of July 1, 2018.