AN ACT RELATIVE TO THE TEACHER, PRINCIPAL AND SUPERINTENDENT QUALITY ENDOWMENT.
Whereas , The deferred operation of this act would tend to defeat its
purpose, which is to transfer certain monies to the General Fund, 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,
Notwithstanding any general or special law to the
contrary, for fiscal year 2004 amounts needed to meet the obligations under
section 35S of chapter 10 of the General Laws may be expended from amounts in
the Teacher, Principal and Superintendent Quality Endowment Fund including
principal. Any remaining balance in the Fund shall be transferred to the
This act shall take effect as of June 30, 2003.