Budget Amendment ID: FY2025-S4-127-R1

Redraft GOV 127

Massachusetts State Athletic Commission

Messrs. Finegold and O'Connor moved that the proposed new text be amended in section 2E, by inserting after item 1595-1075 the following item:-

“1595-7006 For a transfer to the State Athletic Commission Fund established in section 2AAAA of chapter 29 of the General Laws for the costs of operating and administering the state athletic commission…………………………..$500,000”; and

By inserting after section 28 the following section:-

“SECTION 28A. Said chapter 29, is hereby amended by striking out section 2AAAA, as so appearing, and inserting in place thereof the following section:-

Section 2AAAA. There shall be established and set up on the books of the commonwealth a separate, non-budgeted, special revenue fund to be known as the State Athletic Commission Fund, to be administered by the division of occupational licensure. The fund shall be credited with: (i) appropriations, bond proceeds or other money authorized or transferred by the general court and specifically designated to be credited to the fund; and (ii) any monies from licensing fees or other fees and fines collected under sections 32 to 35, inclusive, of chapter 147, sections 40, 40A and 42 of said chapter 147 and section 12 of chapter 265. Amounts credited to the fund shall be available for expenditure without further appropriation by the division of occupational licensure up to an amount not to exceed $500,000 each fiscal year for the costs of operating and administering the state athletic commission; provided, however, that if the amount credited to the fund exceeds $500,000 at the end of any fiscal year, any such excess shall revert to the General Fund and be made available for appropriation. For the purposes of accommodating discrepancies between the receipt of retained revenues and related expenditures, the department may incur expense and the comptroller may certify for payment amounts not to exceed the lower of this authorization or the most recent revenue estimate as reported in the state accounting system.”