This is not the official budget document.

Budget Summary FY2011

Outside Section 137
Data Current as of:  8/6/2010




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Springfield Promise Program transfer

SECTION 137.   (a) Notwithstanding any general or special law to the contrary, upon receiving a written request from the secretary of administration and finance, the comptroller shall transfer $34,500,000 from the Commonwealth of Massachusetts Springfield Promise Program Expendable Trust to the General Fund.

(b) Notwithstanding chapter 169 of the acts of 2004 or any other general or special law to the contrary, the balance left in the Commonwealth of Massachusetts Springfield Promise Program Expendable Trust after taking this transfer into account shall be used exclusively for the funding of the Springfield Promise Program; provided, however, that the funds remaining in the Commonwealth of Massachusetts Springfield Promise Program Expendable Trust shall be deposited into a new expendable trust to be created and administered by the city of Springfield, to be called the City of Springfield Promise Program Expendable Trust; and provided further, that funds in the City of Springfield Promise Program Expendable Trust shall not be used for any purpose other than funding of the Springfield Promise Program, including its administrative costs.

(c) Any amount transferred from the Commonwealth of Massachusetts Springfield Promise Program Expendable Trust under subsections (a) and (b) shall be considered as an amount repaid to reduce a loan balance under section 2 of said chapter 169 and section 2 of chapter 468 of the acts of 2008.