June 16, 2010
Office of the Treasurer and Receiver General
State House, Room 227
Boston, MA 02133
RE: Stabilization Transfer and Fund Balance Analysis
Dear Treasurer Cahill:
Chapter 27 of the Acts of 2009, Section 125 authorizes the transfer of the interest earned from the Commonwealth Stabilization Fund during fiscal year 2010 to the General Fund. We will process the fifth round of interest totaling $1,302,806 in conjunction with the Treasury Department no later than June 18, 2010.
If you have any questions regarding this, please contact Eric Berman, Deputy Comptroller, at (617) 973-2602.
Martin J. Benison
Enc. Attachment #1: §125 of Ch. 27 of the Acts of 2009
Attachment #2: Stabilization Fund Balance Spreadsheet
cc: Stephen Panagiotakos, Chairman, Senate Ways and Means Committee
Charles A. Murphy, Chairman, House Ways and Means Committee
Jay Gonzalez, Secretary, ANF
Matthew J. Gorzkowicz, Undersecretary, ANF
Eric Berman, Deputy Comptroller, CTR
James MacDonald, Deputy Treasurer, TRE
Julia Burns, Director of Accounting, CTR
B J Trivedi, Director of Financial Reporting, CTR
Chapter 27 of the Acts of 2009
AN ACT MAKING APPROPRIATIONS FOR THE FISCAL YEAR 2010 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 125. Notwithstanding any general or special law to the contrary, the state comptroller shall, not later than June 30, 2010, transfer the interest earned from the Commonwealth Stabilization Fund during fiscal year 2010 to the General Fund.