Amendment #1224 to H3800

Life Sciences Center

Representatives Ferrante of Gloucester, Linsky of Natick, Finn of West Springfield, Roy of Franklin, Dykema of Holliston, Farley-Bouvier of Pittsfield, Keefe of Worcester, Robinson of Framingham, Santiago of Boston and Kane of Shrewsbury move to amend the bill by adding the following section:

“Section XXX. 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 2019 as follows: (i) transfer ½ of the surplus, not to exceed $10,000,000, to the Massachusetts Life Sciences Investment Fund established by section 6 of chapter 23I of the General Laws; and (ii) the remaining balance to the Commonwealth Stabilization Fund.”

Additional co-sponsor(s) added to Amendment #1224 to H3800

Life Sciences Center