15956370 - Commonwealth Transportation Fund transfer to Regional Transit

Account Description FY2013
Spending
FY2014
GAA
1595-6370 Commonwealth Transportation Fund transfer to Regional Transit
For an operating transfer to the regional transit authorities organized pursuant to chapter 161B of the General Laws or predecessor statutes pursuant to clause (2) of subsection (d) of section 2ZZZ of chapter 29 of the General Laws; provided, that the Massachusetts department of transportation shall notify the house and senate committees on ways and means 60 days prior to the implementation of any changes to the methodology of distributing state contract assistance to regional transit authorities; and provided further, that each regional transit authority receiving assistance under this item shall deliver, not later than October 1, 2013, a copy of its most recent audited financial statement to the chief financial officer of the department of transportation, the secretary of administration and finance, the state treasurer, the state comptroller, the house and senate committees on ways and means and the joint committee on transportation
                Commonwealth Transportation Fund ............... 100%
18,500,000 67,635,055

Veto Explanation:   I am reducing this item to ensure that the budget is in balance in light of the currently unresolved status of separate legislation raising revenue to support transportation and other budget needs (House Bill 3535).