Amendment #1 to H3673

An Act relative to the transfer of certain funds to be credited to the Housing Preservation and Stabilization Trust Fund for fiscal year 2016

The committee on Bills in the Third Reading recommends that the bill be amended Engrossed Bill relative to the transfer of certain funds to be credited to the Housing Preservation and Stabilization Trust Fund for fiscal year 2016 (see House, No. 3673) being section 144 contained in the Engrossed Bill making appropriations for the fiscal year 2016 for the maintenance of the departments, boards, commissions, institutions and certain activities of the commonwealth, for interest, sinking fund and serial bond requirements and for certain permanent improvements (see House, No. 3650), which was returned by His Excellency the Governor pursuant to Article LVI with recommendation of amendment specified by him, (see Attachment J of House, No. 3675)

Reports recommending that the amendment recommended by His Excellency the Governor be considered in the following form:

By striking out all after the enacting clause and inserting in place thereof the following:-

“SECTION 1.  Notwithstanding any general or special law to the contrary, the Massachusetts Housing Finance Agency shall, not later than June 30, 2016, transfer $5,000,000 from funds previously appropriated, or loans repaid, that the agency administers on behalf of the commonwealth as a result of the program established pursuant to item 1231-1020 of section 2 of chapter 151 of the acts of 1996 and $5,000,000 from funds previously appropriated that the agency administers on behalf of the commonwealth as a result of the lead abatement program established in section 197E of chapter 111 of the General Laws, to the comptroller to be credited to the Housing Preservation and Stabilization Trust Fund for fiscal year 2016.

SECTION 2.  This act shall take effect as of July 1, 2015.”