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Budget Summary FY2016

Outside Section 144
Data Current as of:  8/19/2015




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Transfer Administered Funds to General Fund

SECTION 144.   (a) Notwithstanding any general or special law to the contrary, the Massachusetts Housing Finance Agency shall, not later than June 30, 2016 transfer $4,000,000 from funds previously appropriated, or loans repaid, that the agency administers on behalf of the commonwealth as a result of the program established pursuant to item 1231-1020 of section 2 of chapter 151 of the acts of 1996 and $2,500,000 from funds previously appropriated that the agency administers on behalf of the commonwealth as a result of the lead abatement program established in section 197E of chapter 111 of the General Laws, to the comptroller to be credited to the Housing Preservation and Stabilization Trust Fund for fiscal year 2016.

(b) Notwithstanding any general or special law to the contrary, the comptroller shall, not later than June 30, 2016 transfer $5,000,000 from the General Fund to the Housing Preservation and Stabilization Trust Fund.