The Commonwealth of Massachusetts

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HOUSE OF REPRESENTATIVES, November 8, 2007.

The committee on Ways and Means, to whom was referred the Message from His Honor the Lieutenant-Governor, Acting Governor, submitting requests for making appropriations for the fiscal year 2007 to provide for supplementing certain existing appropriations and for certain other activities and projects (House, No. 4127), reports recommending that the accompanying bill (House, No. 4350), ought to pass.

For the committee,

ROBERT A. DeLEO.

The Commonwealth of Massachusetts

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In the Year Two Thousand and Seven.

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An Act making appropriations for the fiscal year 2007 to provide for supplementing certain existing appropriations and for certain other activities and projects.

Whereas, the deferred operation of this act would tend to defeat its purposes, which are are forthwith to make supplemental appropriations for fiscal year 2007 and to make certain changes in law, therefore it is hereby declared to be an emergency law, necessary for the immediate preservation of the public convenience.

        Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1.  Chapter 140 of the acts of 2007 is hereby amended by striking section 58 and inserting in place thereof the following:-

Section 58.  Notwithstanding any general or special law to the contrary, within 10 days after the transfers required pursuant to section 48 of chapter 61 of the acts of 2007, the comptroller shall transfer from the Bay State Competitiveness Investment Fund, hereinafter referred to as the fund, the following amounts: $43,000,000 to the Massachusetts Alternative and Clean Energy Investment Trust Fund, established in section 35FF of chapter 10 of the General Laws; $15,000,000 to the Massachusetts Life Sciences Investment Fund, established in section 5 of chapter 23I of the General Laws; $15,000,000 to the Emerging Technology Fund established in section 27 of chapter 23G of the General Laws; $10,000,000 to the Affordable Housing Trust Fund established in section 2 of chapter 121D of the General Laws; $10,000,000 to the Smart Growth Housing Trust Fund established in section 35AA of chapter 10 of the General Laws; and $7,000,000 to the Massachusetts Cultural Facilities Fund established in section 42 of chapter 23G of the General Laws to be expended as qualified  investments to applicants, as those terms are defined in said section 42 of said chapter 23G, with an operating budget of less than $5,000,000; provided, however, that if the Bay State Competitiveness Investment Fund contains less than $100,000,000 after the transfers required pursuant to said section 48 of said chapter 61, then within 10 days after those transfers, the comptroller shall transfer 43 per cent of the balance in the fund to the Massachusetts Alternative and Clean Energy Investment Trust Fund, 15 per cent of the balance in the fund to the Massachusetts Life Sciences Investment Fund, 15 per cent of the balance in the fund to the Emerging Technology Fund, 10 per cent of the balance in the fund to the Affordable Housing Trust Fund, 10 per cent of the balance in the fund to the Smart Growth Housing Trust Fund, and 7 per cent of the balance in the fund to the Cultural Facilities Fund.