Section 2zzzz - Debt and Long-Term Liability Reduction Trust Fund

MA Gen L ch 29 § 2zzzz (2019) (N/A)
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[ Text of section added by 2018, 154, Sec. 27. See also, Section 2ZZZZ added by 2018, 218, Sec. 3 and Section 2ZZZZ added by 2018, 217, Sec. 2, below.]

Section 2ZZZZ. (a) There shall be a Debt and Long-Term Liability Reduction Trust Fund. The fund shall be administered by the secretary of administration and finance, in consultation with the treasurer and receiver-general.

(b) There shall be credited to the fund all monies received under subclause (i) of clause (2) of section 59 of chapter 23K. Expenditures from the fund shall be made for the payment and prepayment of commonwealth debt and other long-term liabilities including, but not limited to: (i) debt service payable by the commonwealth and the Massachusetts Department of Transportation; (ii) contract assistance payments; (iii) payments pursuant to contracts established under section 38C; (iv) funding escrow accounts for the payments described in clauses (i) to (iii), inclusive; (v) unfunded pension liabilities; and (vi) other post-employment benefits. The comptroller may certify amounts for payment in anticipation of expected receipts; provided, however, that no expenditure shall be made from the fund that shall cause the fund to be deficient at the close of a fiscal year. Amounts credited to the fund shall not be subject to further appropriation. Money remaining in the fund at the close of a fiscal year shall not revert to the General Fund and shall be available for expenditure in subsequent fiscal years.

(c) Annually, not later than December 1, the secretary shall report on the activities of the fund to the clerks of the house of representatives and senate and to the chairs of the house and senate committees on ways and means. The report shall include an accounting of expenditures made from the fund with a description of the authorized purpose of each expenditure, an accounting of amounts credited to the fund and any unexpended balance remaining in the fund.

Chapter 29: Section 2ZZZZ. Massachusetts Veterans and Warriors to Agriculture Program Fund

[ Text of section added by 2018, 218, Sec. 3 effective until March 29, 2019. Repealed by 2019, 5, Sec. 6. See also, Section 2ZZZZ added by 2018, 154, Sec. 27, above, and Section 2ZZZZ added by 2018, 217, Sec. 2, below.]

Section 2ZZZZ. (a) There shall be a Massachusetts Veterans and Warriors to Agriculture Program Fund. The fund shall be administered by the department of agricultural resources. Notwithstanding any general or special law to the contrary, there shall be credited to the fund any revenue from appropriations or other money authorized by the general court and specifically designated to be credited to the fund and any gifts, grants, private contributions or investment income earned on the fund's assets and all other sources. Money deposited in the fund that is unexpended at the end of the fiscal year shall not revert to the General Fund and shall be available for expenditure in the subsequent year and shall not be subject to section 5C.

(b) The department of agricultural resources, in consultation with the department of veteran services, shall establish, develop and implement the Massachusetts Veterans and Warriors to Agriculture Program to enhance the education, training, employment, income, productivity and retention of veterans currently working or aspiring to work in the field of agriculture in the commonwealth. Amounts credited to the fund shall be used, without further appropriation, for the costs associated with administering and implementing the program and may also be used to provide grants or loans on a competitive basis to public, private and charitable entities to finance projects in furtherance of purpose of the program. Expenditures from the fund for such purpose shall complement and not replace existing local, state, private or federal funding for related training and educational programs.

Chapter 29: Section 2ZZZZ. Technical Rescue Services Fund

[ Text of section added by 2018, 217, Sec. 2 effective until March 29, 2019. Repealed by 2019, 5, Sec. 5. See also, Section 2ZZZZ added by 2018, 154, Sec. 27 and Section 2ZZZZ added by 2018, 218, Sec. 3, above.]

Section 2ZZZZ. There shall be a Technical Rescue Services Fund. The fund shall be administered by the technical rescue coordinating council established under section 6 of chapter 22D. The fund shall consist of: (i) compensation received under a contract including, but not limited to, a contract with a company that designates a member fire department as a stand-by rescue team in order to meet the requirements established by the federal United States Occupational Safety and Health Administration under 29 C.F.R. 1910; (ii) funds collected pursuant to a cost recovery mechanism established in subsection (d) of said section 6 of said chapter 22D; (iii) federal, state or private gifts, grants, donations or appropriations; (iv) funds from any other public or private sources; and (v) interest earned on such funds.

Amounts credited to the fund shall not be subject to further appropriation and shall be expended for: (i) the maintenance and operation of technical rescue regions established under section 6 of chapter 22D; (ii) the provision of technical rescue services; (iii) the acquisition and maintenance of technical rescue equipment; and (iv) the provision of initial and in-service training to regional technical rescue personnel including, but not limited to, payment of backfill and overtime for personnel participating in such training. Amounts credited to the fund that are unexpended at the end of a fiscal year shall not revert to the General Fund and shall be available for expenditure in the following fiscal year. An expenditure shall not be made from the fund if it would cause the fund to become deficient at the end of any fiscal year.

The technical rescue coordinating council, established pursuant to section 6 of chapter 22D, shall, annually, report to the secretary of public safety and security not later than June 30. The report shall include, but not be limited to, an accounting of all funds received and distributed as authorized by this section.