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Session Law

2004

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Chapter 10 AN ACT RELATIVE TO THE MEDICAL SECURITY TRUST FUND.

Whereas , The deferred operation of this act would tend to defeat its purpose, which is to accommodate certain revenue and expenditure discrepancies in the Medical Security Trust 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, as follows:


Subsection (k) of section 14G of chapter 151A of the General Laws, as appearing in the 2002 Official Edition, is hereby amended by adding the following sentence:- For the purpose of accommodating discrepancies between the receipt of revenues and related expenditures, the division may incur obligations and the comptroller may certify payment amounts not to exceed the most recent revenue estimate submitted by the division and approved by the comptroller; provided, however, that the fund shall be in balance by the close of each fiscal year.

Approved January 26, 2004.

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