This is not the official budget document.

Budget Summary FY2014

Outside Section 172
Data Current as of:  9/11/2013




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Stabilization Fund Transfers

SECTION 172.   (a) Notwithstanding any general or special law to the contrary, the comptroller may, on or before June 30, 2014, transfer $350,000,000 to the General Fund from the Commonwealth Stabilization Fund; provided, however, the comptroller shall transfer a lesser amount if the secretary of administration and finance so requests in writing. The comptroller, in consultation with the secretary of administration and finance, may take the overall cash flow needs of the commonwealth into consideration in determining the timing of any transfer of funds. The comptroller shall provide a schedule of transfers to the secretary of administration and finance and to the house and senate committees on ways and means.

(b) Notwithstanding any general or special law to the contrary, the comptroller shall, on or before June 30, 2014, transfer the interest earned from the Commonwealth Stabilization Fund during fiscal year 2014 to the General Fund.