Budget Amendment ID: FY2018-S3-177

EDU 177

MASSGrant Save Pilot Program

Mr. Moore moved that the proposed new text be amended in section 2, in item 0610-0010, by adding at the end thereof the following: "provided, not more than $1,000,000 shall be transferred from 7070-0065 to the Economic Empowerment Trust Fund established in section 35QQ of chapter 10 of the General Laws to establish the MASSGrant Save pilot program through a public-private partnership to assist students eligible for MassGrant to establish college savings accounts; provided further, that the aggregate of all matching amounts for any individual or family shall not exceed $400; provided further, any unexpended balance shall revert to 7070-0065 no later June 30, 2019."