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Bill > S203


MA S203

Regarding funding the foundation budget review commission


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation relative to funding the foundation budget review commission. Economic Development and Emerging Technologies.

AI Summary

This bill proposes to amend existing legislation to provide additional funding for the implementation of the first year of the Foundation Budget Review Commission's recommendations. Specifically, it requires that not less than $20 million, plus 50% of any surplus over the required debt service, be allocated to this purpose. It also directs the comptroller to allocate a portion of any consolidated net surplus in the budgetary funds to the Massachusetts Community Preservation Trust Fund, the Massachusetts Life Sciences Investment Fund, and the first year of the Foundation Budget Review Commission's recommendations, before transferring the remaining surplus to the Commonwealth Stabilization Fund.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Accompanied a study order, see S2486 (on 04/26/2018)

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