This is not the official budget document.

Budget Summary FY2015

Outside Section 259
Data Current as of:  7/10/2014




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Stabilization Fund Transfers

SECTION 259.   (a) Notwithstanding any general or special law to the contrary, the comptroller shall by June 30, 2015 transfer $140,000,000, to the General Fund from the Commonwealth Stabilization Fund; provided, however, that 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, 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 and to the house and senate committees on ways and means.

(b) Notwithstanding any general or special law to the contrary, the comptroller, by June 30, 2015, shall transfer to the General Fund the interest earned from the Commonwealth Stabilization Fund during fiscal year 2015.