Outside Section 32

Transfer Trust and Account Balances and Tobacco Settlement Payments

SECTION 32.   (a) Notwithstanding any general or special law to the contrary, the comptroller shall transfer $23,000,000 from the Commonwealth of Massachusetts Springfield Promise Program Expendable Trust to the General Fund after receiving a written request from the secretary of administration of finance.

(b) Notwithstanding any general or special law to the contrary, upon receiving a written request from the secretary of administration and finance, the comptroller shall transfer to the General Fund the unexpended balance of a fund, trust fund or other separate account, whether established administratively or by law, including a separate account established under section 6 of chapter 6A or section 4F of chapter 7 of the General Laws . The request shall certify that the secretary, in consultation with the comptroller, has determined this balance not to be necessary for the purposes for which it was made available.

(c) Notwithstanding section 1 of chapter 29D of the General Laws or any general or special law to the contrary, all payments received by the commonwealth in fiscal year 2011 pursuant to the master settlement agreement in the action known as Commonwealth of Massachusetts v. Philip Morris, Inc. et. al., Middlesex Superior Court, No. 95-7378, shall be deposited in the General Fund. The comptroller shall transfer all the earnings generated in fiscal year 2011 from the Health Care Security Trust, as certified under subsection (f) of section 3 of said chapter 29D, to the General Fund.
 
 

Summary:
This section authorizes transfer of certain trust and account balances, including part of the Springfield Promise Program Expendable Trust balance and also including fiscal year 2011 tobacco settlement payments amd interest, to the General Fund.