Amendment #2 to H4830

Amendment

Mr. Sánchez of Boston moves to amend the bill by striking out all after the enacting clause and inserting in place thereof the following:-

SECTION 1. Section 2 of chapter 154 of the acts of 2018 is hereby amended by striking out item 0640-0010 and inserting in place thereof the following item:-

0640-0010 For the promotional activities associated with the state lottery program; provided, that the lottery commission shall issue a report not later than June 30, 2019 to the house and senate committees on ways and means detailing additional revenues generated as related to promotional activities funded from this item; and provided further, that 25 per cent of the amount appropriated in this item shall be transferred quarterly from the State Lottery and Gaming Fund, established in section 35 of chapter 10 of the General Laws, to the General Fund….....$4,500,000

SECTION 2. 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 3. This act shall take effect as of July 1, 2018.