Budget Amendment ID: FY2015-S4-158

GOV 158

Workforce Competitiveness Trust Fund

Messrs. Donnelly, Wolf, Michael O. Moore, DiDomenico, McGee and Barrett moved that the proposed new text be amended moved that the bill be amended by inserting  after section XX, the following  new section:-

“SECTION XX. Section 2WWW of chapter 29 of the General Laws, as appearing in the 2012 Official Edition,  is hereby amended by striking subsection (d) beginning at line 60and inserting in place thereof the following new subsection (d):-

(d) There shall be credited to the fund amounts as described below:

(i) an amount equal to 0.3% of the total revenue from taxes paid under chapter 63; and,

(ii) any revenue from appropriations or other monies authorized by the general court and specifically designated to be credited to the fund, and any gifts, grants, private contributions, investment income earned on the fund's assets and all other sources.

Money remaining in the fund at the end of a fiscal year shall not revert to the General Fund.”