Amendment #701 to H4200
Drinking and Ground Water Research Trust Fund
Mr. Frost of Auburn moves to amend the bill by adding the following new section:
"SECTION XXXX. Chapter 29 of the General Laws is hereby amended by inserting after section 2RRRR, as inserted by section 48 of chapter 46 of the acts 2015, the following section:-
Section 2SSSS. There shall be established and set upon the books of the commonwealth a separate fund to be administered by the treasurer, as trustee, in consultation with the secretary of energy and environmental affairs and the commissioner of environmental protection, to be known as the Drinking and Ground Water Research Trust Fund to be used for the purposes of establishing a drinking and ground water research project in collaboration with Silent Spring Institute, Inc. There shall be credited to the fund any revenue from appropriations or other monies authorized by the general court and specifically designated to be credited to the fund, funds from public or private sources, including, but not limited to, gifts, grants, donations, rebates and settlements received by the commonwealth that are specifically designated to be credited to the fund, and any income derived from the investment of amounts credited to the fund. No expenditure from the fund shall cause the fund to be in deficiency at the close of a fiscal year. Monies deposited in the fund that are unexpended at the end of the fiscal year shall not revert to the General Fund and shall be available for expenditure in the subsequent fiscal year."