Amendment #1 to H4830

Governor's Amendment

Mr. Speliotis of Danvers recommended the following amendment:

The committee on Bills in the Third Reading, to whom was referred the

Engrossed Bill relative to the preservation trust fund transfer (see House, No. 4830) being section 99 contained in the bill making appropriations for the fiscal year 2019 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. 4800), which was returned by His Excellency the Governor pursuant to Article LVI with recommendation of amendment specified by him, (see Attachment L of House, No. 4833)

 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:-

 “SECTION 1.  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 pursuant to 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 2018 as follows, and in the following order of precedence: (i) 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; and (ii) 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.

 SECTION 2.  This act shall take effect as of July 1, 2018.”