Whereas , The deferred operation of this act would tend to defeat its purpose, which is to ensure forthwith environmental cleanup and promote the redevelopment of contaminated property, therefore it is hereby declared to be an emergency law, necessary for the immediate preservation of the public convenience.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. To provide for certain unanticipated obligations of the commonwealth and to meet certain requirements of law, the sums set forth herein shall be appropriated from the General Fund unless specifically designated otherwise and shall be for the several purposes and subject to the conditions specified herein and subject to the provisions of law regulating the disbursement of public funds; provided that notwithstanding the provisions of any general or special law to the contrary, funds appropriated in section 2A shall be available for expenditure until June 30, 2001.
No section 2.
SECTION 3. Chapter 29 of the General Laws is hereby amended by inserting after section 2TT, inserted by section 81 of chapter 194 of the acts of 1998, the following section:-
Section 2UU. There shall be established and set up on the books of the commonwealth a separate fund to be known as the Brownfields Revitalization Fund. There shall be credited to such fund any appropriation, transfer, grant, gift, or other contribution made to such fund, and any income derived from investment of amounts credited to said fund. Amounts credited to said fund shall be held in an expendable trust and the department of economic development shall report monthly by source all amounts credited to said fund and all expenditures by subsidiary made from said fund on the Massachusetts management and accounting reporting system, so-called. Said amounts shall be used solely for the administration and implementation of the provisions of section 60 of chapter 23A and section 8G of chapter 212 of the acts of 1975.
SECTION 4. The comptroller is hereby authorized and directed to transfer $45,000,000 from the General Fund to the Brownfields Revitalization Fund established pursuant to section 2UU of chapter 29 of the General Laws.
SECTION 5. This act shall take effect as of June 30, 1998.