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Bill > H4830


MA H4830

Relative to a preservation trust fund transfer


summary

Introduced
07/26/2018
In Committee
07/27/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Section 99 contained in the engrossed Bill making appropriations for the fiscal year 2019 (see House, No. 4800), which had been returned by His Excellency the Governor with recommendation of amendment (for message, see Attachment L of House, No. 4833). July 27, 2018.

AI Summary

This bill requires the state comptroller to transfer $10 million from the fiscal year 2018 consolidated net surplus in the state's budgetary funds to the Massachusetts Community Preservation Trust Fund, prior to transferring the remaining surplus to the Commonwealth Stabilization Fund. The bill specifies that if the surplus is less than $10 million, the comptroller shall transfer the entire available surplus amount. The bill takes effect as of July 1, 2018.

Sponsors (0)

No sponsors listed

Last Action

Amendment 2 adopted (on 07/31/2018)

bill text


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