Budget Amendment ID: FY2018-S3-697-R1

Redraft ECO 697

Massachusetts Life Sciences Center Transfer

Messrs. Lesser and Lewis moved that the proposed new text be amended by inserting, after section 100 the following section:-

“SECTION 100A. Notwithstanding any general or special law to the contrary, before 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 $10,000,000 of the consolidated net surplus in the budgetary funds for fiscal year 2017 to the Massachusetts Life Sciences Investment Fund established in section 6 of chapter 23I of the General Laws.”