This is not the official budget document.

Budget Summary FY2016

Outside Section 152
Data Current as of:  8/19/2015




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Tobacco Settlement/OPEB Transfer III

SECTION 152.   (a) Notwithstanding any general or special law to the contrary, the unexpended balances in items 0699-0014, 0699-0015, 0699-2005 and 0699-9100 shall be deposited into the State Retiree Benefits Trust Fund, established in section 24 of chapter 32A of the General Laws, not later than June 30, 2016. The amount deposited shall be an amount equal to 30 per cent of all payments received by the commonwealth in fiscal year 2016 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 2016, the unexpended balances of items 0699-0014, 0699-0015, 0699-2005 and 0699-9100 are less than 30 per cent of all payments received by the commonwealth in fiscal year 2016 under the master settlement agreement payments, an amount equal to the difference shall be transferred to the State Retiree Benefits Trust Fund from revenue in excess of $100,000,000 generated under the tax amnesty program pursuant to section 101.

(b) Notwithstanding any general or special law to the contrary, the percentage increase set forth in section 152 of chapter 68 of the acts of 2011 shall not apply in fiscal year 2016.