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Budget Recommendations

Treasurer and Receiver-General

Treasurer and Receiver-General
    Office of the Treasurer and Receiver-General
Account Description
FY06
GAA
FY07
House 2
 
Consolidated Long-Term Debt Service  
   0699-0015   For the payment of interest, discount, and principal on certain bonded debt and the sale of bonds of the commonwealth; provided, that payments on bonds issued pursuant to section 2O of chapter 29 of the General Laws shall be paid from this item and shall be charged to the Infrastructure Fund subfund of the Highway Fund; provided further, that notwithstanding the provisions of any general or special law including this item to the contrary, the comptroller may charge the payments authorized herein to the appropriate budgetary or other fund subject to a plan which the comptroller shall file ten days in advance with the house and senate committees on ways and means; provided further, that notwithstanding the provisions of any general or special law to the contrary, the state treasurer is hereby authorized to make payments pursuant to the provisions of section 38C of said chapter 29 from this item for the bonds, notes, or other obligations authorized to be paid from this item; provided further, that the comptroller is hereby authorized to transfer among items 0699-0015, 0699-9100, and 0699-9101 such amounts in said items that would otherwise be unexpended on June 30, 2007, to said items that would otherwise have insufficient amounts to meet debt service payments for the fiscal year ending June 30, 2007; provided further, that each amount transferred shall be charged to such funds as specified in the item to which such amount is so transferred; provided further, that the comptroller shall transfer from this item to the Government Land Bank Fund an amount equal to the amount by which debt service charged to said fund exceeds revenue deposited to said fund; and provided further, that debt service charged to the Highway Fund shall be charged to the Infrastructure Fund subfund of the Highway Fund in accordance with said section 2O of said chapter 29 1,626,196,000 1,752,387,002
 
General Fund 68.07%
Infrastructure Fund 31.93%
 
 
 
 Increased funding to meet obligation.