STATE HIGHWAY PUBLIC SAFETY FUND

Mr. Timilty, of Milton moves to amend bill.  There shall be established and set up on the books of the commonwealth a separate fund to be known as the State Highway Public Safety Fund for the purposes of reimbursing the costs of providing emergency services by certain fire and police departments of certain cities and towns with state highways within its city or town boundaries.  Any such amounts expended shall be for the delivery of public safety services and not for any costs attributable to municipal reimbursements owed under the chapter 90 program, so-called, the public works and economic development programs, the costs of administrative, maintenance, engineering and environmental operations of the department of highways and the costs associated with right of way acquisition, design, utility and force account work.  Cities and towns shall apply for annual reimbursements in an amount not to exceed one percent of its respective department public safety budget for the year in which the reimbursement is sought.  Subject to appropriation the legislature shall allocate the necessary funding to the department of public safety for the purpose of effectively implementing this act.  Any revenues credited to the fund shall include any appropriations to the fund, amounts transferred to the fund from other instrumentalities of the commonwealth, transfers to said fund from other funds of the commonwealth or private entities both for profit or not for profit, any interest earned on balances contained therein and all other revenues specifically dedicated to the fund.  The fund shall be held in trust by the state treasurer exclusively for the purposes established herein.  The state treasurer shall be the treasurer and custodian of the fund and shall have the custody of its monies and securities. 

The state treasurer may invest any monies held for the credit of the fund instruments permitted under sections 38, 38A, 38C and 49 of Chapter 29 of the General Laws.