Bill > S211

This bill amends Section 2WWW of Chapter 29 of the General Laws to change how money is deposited into the Workforce Competitiveness Trust Fund, which is a fund designed to support workforce development initiatives. Specifically, it will now receive 40% of the total revenue from the Gaming Economic Development Fund annually. Additionally, any amount exceeding $2,000,000 in the Gaming Economic Development Fund at the end of the year will be transferred to the Workforce Competitiveness Trust Fund, up to a maximum of $5,000,000 per year. The bill also allows for other revenue sources like legislative appropriations, gifts, grants, private contributions, and investment income to be credited to the fund, and importantly, any money left in the fund at the end of a fiscal year will not be returned to the General Fund, meaning it can be carried over for future use.