Outside Section 39

Life Sciences Transfer from FY10 Surplus

SECTION 39.   Notwithstanding any general or special law to the contrary, after complying with clause (a) of section 5C of chapter 29 of the General Laws, the comptroller shall dispose of the consolidated net surplus in the budgetary funds for fiscal year 2010 as follows: (i) the comptroller shall transfer $10,000,000 from the General Fund to the Massachusetts Life Sciences Investment Fund established by section 6 of chapter 23I of the General Laws; and (ii) the remaining balance shall be transferred from the General Fund to the Commonwealth Stabilization Fund.
 
 

Summary:
This section transfers $10 million of any fiscal year 2010 surplus to the Massachusetts Life Sciences Investment Fund.