September 9, 2011
Office of the Treasurer and Receiver General
State House, Room 227
Boston, MA 02133
RE: Stabilization Transfer and Fund Balance Analysis
Dear Treasurer Grossman:
Chapter 131 of the Acts of 2010, Section 143 authorizes the transfer of the interest earned from the Commonwealth Stabilization Fund during fiscal year 2011 to the General Fund. We will process the final transfer for $2,751,396 which includes interest income since March 1st, 2011. The Transfer will be processed in conjunction with the Treasury Department no later than September 13, 2011.
If you have any questions regarding this, please contact Howard Merkowitz, Deputy Comptroller at (617) 973-2602.
Martin J. Benison
cc: Stephen Brewer, Chairman, Senate Ways and Means Committee
Brian Dempsey, Chairman, House Ways and Means Committee
Jay Gonzalez, Secretary, ANF
Matthew J. Gorzkowicz, Undersecretary, ANF
James MacDonald, Cash Management, TRE
Howard Merkowitz, Deputy Comptroller, CTR
Julia Burns, Director of Accounting, CTR
B J Trivedi, Director of Financial Reporting, CTR
T H E C O M M O N W E A L T H O F M A S S A C H U S E T T S
In the Year Two Thousand and Ten
AN ACT MAKING APPROPRIATIONS FOR THE FISCAL YEAR 2011 FOR THE MAINTENANCE OF THE DEPARTMENTS, BOARDS, COMMISSIONS, INSTITUTIONS AND CERTAIN ACTIVITIES OF THE COMMONWEALTH, FOR INTEREST, SINKING FUND AND SERIAL BOND REQUIREMENTS AND FOR CERTAIN PERMANENT IMPROVEMENTS.
SECTION 143. Notwithstanding any general or special law to the contrary, the comptroller shall, not later than June 30, 2011, transfer the interest earned from the Commonwealth Stabilization Fund during fiscal year 2011 to the General Fund.