Previous Outside Section Next Outside Section

 

State Retiree Benefits Trust Fund

SECTION 204.   Notwithstanding section 1 of chapter 29D of the General Laws or any other general or special law to the contrary, the unexpended balances in items 0699-0014, 0699-0015, 0699-0019, 0699-2005 and 0699-9100 shall be deposited into the State Retiree Benefits Trust Fund, established by section 24 of chapter 32A of the General Laws, not later than June 30, 2014. The amount deposited shall be an amount equal to 20 per cent of all payments received by the commonwealth in fiscal year 2014 under the master settlement agreement in Commonwealth of Massachusetts v. Philip Morris, Inc. et al., Middlesex Superior Court, No. 95-7378; provided, however, that if, in fiscal year 2014, the unexpended balances of items 0699-0014, 0699-0015, 0699-2005 and 0699-9100 is less than 20 per cent of all payments received by the commonwealth in fiscal year 2014 under the master settlement agreement payments, an amount equal to the difference shall be transferred to the State Retiree Benefits Trust Fund from payments received by the commonwealth under the master settlement agreement in Commonwealth of Massachusetts v. Philip Morris, Inc. et al., Middlesex Superior Court, No. 95-7378.