Outside Section 162
Data Current as of: 7/7/2012
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 to the General Fund the unexpended balance of a fund, trust fund or other separate account, in existence on April 1, 2012, whether established administratively or by law, including a separate account established under section 6 of chapter 6A of the General Laws or section 4F of chapter 7 of the General Laws. The request shall certify that the secretary, in consultation with the comptroller, has determined this balance not to be necessary for the purposes for which it was made available. The secretary and comptroller shall report to the house and senate committees on ways and means 45 days prior to any such transfer; provided, however, that the comptroller may submit to the house and senate committees on ways and means not later than October 1, 2012 an alternative plan to further maximize revenue generation from additional trust fund balance transfers to the General Fund.