Amendment #549 to H3400

Critical Watershed Management

Mr. Smola of Warren moves to amend the bill, in section 2, item 2800-0101, in line 8, by striking out the following: “provided further, that the department shall continue to make payments pursuant to chapter 616 of the acts of 1957, as amended by section 89 of chapter 801 of the acts of 1963;”; and further moves to amend the bill by inserting at the end thereof the following section:-

“SECTION AA.  Chapter 10 of the General Laws is hereby amended by inserting after section 35AAA the following section :--

Section 35BBB.    There shall be established and set up on the books of the commonwealth a separate fund to be known as the Flood Control Compact Fund which shall be administered by the department of conservation and recreation. The fund shall be credited with: (i) all sums received by the commonwealth on account of compacts authorized by the general court, including sums received from other states of the United States; (ii) any appropriations, bond proceeds or other monies authorized or transferred by the general court and specifically designated to be credited to the fund; (iii) interest or investment earnings on any such monies; and (iv) all other amounts credited or transferred to the fund from any other fund or source. Amounts credited to the fund may be expended, without further appropriation, by the department for costs arising under any compact authorized by the general court, including, but not limited, to reimbursing cities and towns in the commonwealth or other states of the United States and their political subdivisions for costs in accordance with a compact.  The unexpended balance in the fund at the end of a fiscal year shall not revert to the General Fund but shall remain available for expenditure in subsequent fiscal years. No expenditure made from the fund shall cause the fund to become deficient at any point.”.