Amendment ID: S2025-36

Amendment 36

A Portion of Supplemental Spending to Cities and Town

Mr. Hedlund moves to amend the bill by inserting in Section 2A, under the Department of Revenue, the following new line item:-

1233-2350 …… $20,000,000

And moves to further amend the bill by inserting the following new section:-

SECTION ___. Item 1233-2350 of said section 2 of said chapter 46 is hereby amended by striking out the figure, “$979,797,001” and inserting in place thereof the following figure:- $999,797,001

And moves to further amend the bill by striking out section 53 and inserting in place thereof the following section:-

Section 53. Section 194 of said chapter 46 is hereby further amended by striking out section 194 and inserting in place thereof the following section:-

Section 194. (a) Notwithstanding any general or special law to the contrary, prior to transferring the consolidated net surplus in the budgetary funds to the Commonwealth Stabilization Fund under section 5C of chapter 29 of the General Laws, the comptroller shall dispose of the consolidated net surplus in the budgetary funds for fiscal year 2015 as follows: (i) transfer ½ of the surplus, not to exceed $10,000,000, to the Massachusetts Community Preservation Trust Fund established in section 9 of chapter 44B of the General Laws; and (ii) transfer ½ of the surplus, not to exceed $10,000,000, to the Massachusetts Life Sciences Investment Fund established in section 6 of chapter 23I of the General Laws.

(b) After making the transfers required under clauses (i) and (ii) of subsection (a), the comptroller shall transfer, to the extent available, $100,000,000, or any remaining funds, to the Commonwealth Stabilization Fund established in section 2H of said chapter 29 of the General Laws.