Quick Links
- Report
- Introduction
- Accomplishments & Initiatives
- American Recovery and Reinvestment Act of 2009
- Development of the FY10-14 Capital Investment Plan
- Affordability & Fiscal Responsibility
- Aggregate FY10-14 Capital Investment Plan
- Capital Investments by Investment Category
- Appendix A - Debt Affordabiity Analysis
- Appendix B - Bond Bills
- Appendix C - Project Listing (xls)
- Appendix D - Project Descriptions (pdf)
- Plan by Investment
- Plan by Capital Agency
- Plan by Beneficiary Agency
- Downloads
- Site Map
Exhibit A
| Account | Description |
|---|---|
| 0699-0015 | Consolidated Long Term Debt Service |
| 0699-0016 | Accelerated Structurally Deficient Bridge Program Debt Service |
| 0699-2004 | CA/T Debt Service |
| 0699-9101 | Federal Grant Anticipation Notes |
| 1599-0093 | Water Pollution Abatement Trust |
| 1599-1970* | Mass Turnpike Authority Contract Assistance |
| 1599-0050 | Route 3 North Contract Assistance |
| 8910-0000 | Plymouth County Correctional Facilities (included in County Sheriffs’ joint line item) |
| 1102-3224 | Saltonstall Building Lease |
* Outside Section 138 of the FY10 budget provides for the annual payment of $100 million in Commonwealth contract assistance to the Massachusetts Turnpike Authority. This contract assistance is in addition to the $25 million annually pledged and historically funded in Account 1599-1970, above, and will be added to that account beginning with the FY11 budget. A portion of Outside Section 138 is provided, below.
Transfer to Commonwealth Transportation Fund
SECTION 138. (a) Notwithstanding any general or special law to the contrary, upon the effective date of this act, the comptroller shall make a transfer from the General Fund to the Commonwealth Transportation Fund, established pursuant to section 2ZZZ of chapter 29, totaling $275,000,000,. The secretary of administration and finance, in concurrence with the secretary of transportation and public works, shall ensure that $100,000,000 shall be transferred to the Massachusetts Turnpike Authority or its successor in interest in fiscal year 2010 and, to provide for and secure this payment obligation, the secretary of administration and finance, on behalf of the commonwealth, shall, with the concurrence of the secretary of transportation and public works, enter into a contract with the authority before July 1, 2009 providing for the payment of that amount to said authority or its successor in interest in each fiscal year for the purpose of defraying costs, including debt service on bonds heretofore or hereafter issued by the authority or its successor in interest to finance or refinance improvements to the metropolitan highway system. The term of this contract shall extend until the last fiscal year in which any such bonds issued before the date of the contract are scheduled to mature. These payments may be treated as revenues of the authority or of its successor in interest within the meaning of section 6 of chapter 81A of the General Laws and the authority or its successor in interest may pledge such contract and the rights of the authority or its successor in interest to receive amounts thereunder as security for the payment of the bonds issued before the date of the contract or of any bonds or notes issued by the authority or its successor in interest to refinance those bonds. This contract shall constitute a general obligation of the commonwealth for which the full faith and credit of the commonwealth shall be pledged for the benefit of the authority or its successor in interest and of the holders of any bonds or notes secured by a pledge of such contract or of amounts to be received by the authority or its successor in interest under the contract. The payment obligation and contract securing it provided for in this section shall be in addition to the payment obligation provided for under section 12 of said chapter 81A of the General Laws and the contract securing it under said section 12.
top of page