Budget Amendment ID: FY2025-S4-95-R1

Redraft ENV 95

Castle Island Marine Park Trust Fund

Mr. Collins moved that the proposed new text be amended by inserting after section 9 the following section:-

“SECTION 9A.  Section 35III of said chapter 10, as so appearing, is hereby amended by striking out the first paragraph and inserting in place thereof the following paragraph:-

There shall be established and set up on the books of the commonwealth a separate, non-budgeted special revenue fund known as the Castle Island and Marine Park Fund. Amounts credited to the fund shall be expended, without further appropriation, for the long-term preservation, maintenance, nourishment and public safety of Castle Island and Marine park in the South Boston section of the city of Boston. The fund shall be credited with: (i) any revenues or other financing sources directed to the fund by appropriation; (ii) money authorized by the general court and specifically designated to be credited to the fund; (iii) any income derived from the investment of amounts credited to the fund or repayment of loans from the fund; (iv) funds from public or private sources including, but not limited to, gifts, federal or private grants, donations, rebates and settlements received by the commonwealth that are specifically designated to be credited to the fund; and (v) all other amounts credited or transferred to the fund from any other source. The fund shall be administered by the secretary of energy and environmental affairs.”.