Amendment #11 to H3400

Excess Revenue to Local Aid

[Sponsors] Representatives Jones of North Reading, Peterson of Grafton, Hill of Ipswich, Poirier of North Attleboro, and deMacedo of Plymouth move to amend the bill by inserting, after section XX, the following section:

“Section XX. Notwithstanding any general or special law to the contrary, in the event that all taxable revenue of the commonwealth which is available for appropriation or supplemental appropriation for the fiscal year ending June 30, 2012 exceeds $19,748,000,000, as certified by the treasurer and the comptroller, not less than 50 percent of such excess taxable revenue up to a total of $246,850,000 shall be used in addition to the balance of the state lottery fund for distribution to cities and towns in accordance with the provisions of clause (c) of section 35 of chapter 10; provided, that the treasurer shall notify the clerks of the House of Representatives and the Senate and the commissioner of administration of any such distribution not more than 30 days after it occurs; and provided further, that for purposes of this section, the term “excess taxable revenue” shall not include any funds payable to or received by the commonwealth which are directly attributable to any change in general or special law enacted after July 1, 2011 and which enhance taxable revenue of the commonwealth.”.