Budget Amendment ID: FY2012-S3-55

LOC 55

REVERT LOCAL AID

Messrs. Tarr, Hedlund, Knapik, Ross and Richard T. Moore moved that the proposed new text be amended by inserting, after Section __, the following new Section:-

“SECTION __. Notwithstanding any general or special law to the contrary, any unexpended and unencumbered balances of appropriations on June 30, 2011 shall be distributed to cities and towns in accordance with the distribution of the balance of the State Lottery Fund, as stipulated in section 3 of this act; provided however, the distribution authorized herein shall be equal to $65,000,000; provided further, if the aggregate balances of appropriations is less than $65,000,000 on June 30, 2011, the amount of the distribution authorized herein shall be 100 per cent of the balances. The distribution authorized in this section shall be executed not later than October 31, 2011.”