Amendment ID: S2819-92

Amendment 92

Clean Energy Investment Fund

Messrs. Tarr and O'Connor move that the proposed new text be amended by inserting at the end thereof the following:-

SECTION XX. At the request of the secretary of administration and finance, the comptroller shall transfer up to $750,000,000 from the federal COVID-19 response fund established in section 2JJJJJ of chapter 29 of the General Laws to the Clean Energy Investment Fund established in section 15 of chapter 23J of the General Laws.  Prior to requesting such transfers, the secretary of administration and finance, in consultation with the secretary of energy and environmental affairs, shall assess the cash flow needs of the Clean Energy Investment Fund.  The secretary of administration and finance may request transfers on a periodic or ad hoc schedule so long as the cumulative amount of said transfers does not exceed the limit established in this section.  The Massachusetts clean energy technology center shall be responsible, in conjunction with the executive office for administration and finance, in assuring that all policies and procedures necessary for the administration of the Clean Energy Investment Fund comply with 2 CFR Part 200, 31 CFR Part 35, and all other applicable rules and regulations