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Expenditures from Fiscal Year 2013 Surplus

SECTION 145.   Section 155 of chapter 139 of the acts of 2012 is hereby amended by striking out subsection (a) and inserting in place thereof the following subsection:-

(a) Notwithstanding any general or special law to the contrary, after certifying the amount of consolidated net surplus in the budgetary funds at the close of the preceding fiscal year under section 5C of chapter 29 of the General Laws, the comptroller shall dispose of the consolidated net surplus in the budgetary funds for fiscal year 2013 in the following order to the extent that funds are available: (i) $25,000,000 to the Massachusetts Community Preservation Trust Fund, established by section 9 of chapter 44B of the General Laws; (ii) $19,500,000 to the Massachusetts Life Sciences Investment Fund established by section 6 of chapter 23I of the General Laws; (iii) $10,000,000 to the Housing Preservation and Stabilization Trust Fund, established by section 60 of chapter 121B of the General Laws (iv) $11,500,000 to the department of early education and care to be distributed to increase reimbursement rates for subsidized early education and care, for salaries, benefits and stipends for professional development of early education and care workers or programmatic quality improvements; (v) $11,500,000 to private human and social services providers for a 1 time rate reserve payment; provided, however, that item 1599-6901 of section 2 of chapter 139 of the acts of 2012 shall remain in effect in fiscal year 2014; (vi) $7,500,000 to the Social Innovation Financing Trust Fund, established by section 35VV of chapter 10 of the General Laws; and (vii) transfer the remaining undesignated fund balances from the budgetary funds contributing to the consolidated net surplus to the Commonwealth Stabilization Fund, established by section 2H of chapter 29 of the General Laws.