Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2012

Governor's Budget Recommendation FY 2012

Outside Section 18



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One-time Settlements to Stabilization Fund

SECTION 18.   Section 2H of chapter 29 of the General Laws, as appearing in the 2008 Official Edition, is hereby amended by adding the following paragraph:-
The proceeds of a one-time settlement or judgment for the commonwealth, the net value of which is $10,000,000 or more, shall also be deposited in the fund.
 
 

Summary:
This section requires any one-time settlement or judgment, the net value of which is $10 million or more, to be deposited in the Commonwealth Stabilization Fund.



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