Outside Section 29

Expanded Power to Reduce Allotments

SECTION 29.   During fiscal year 2010, the power of the governor or the secretary of administration and finance to allot funds under section 9B of chapter 29 of the General Laws shall extend to any monies appropriated by the general court and funds distributed in accordance with section 3. In addition to his power to reduce such allotments under section 9C of said chapter 29, the governor may further reduce such allotments to the extent that, during fiscal year 2010, grants are received and are to be expended under the American Recovery and Reinvestment Act or similar federal legislation or that funds are transferred to the General Fund from the Commonwealth Stabilization Fund, if in the opinion of the secretary of administration and finance an insufficient balance then remains in the Commonwealth Stabilization Fund to ensure the commonwealth's fiscal well-being in future fiscal years. The procedures in said section 9C shall apply to any such further allotment reduction under this section.
 
 

Summary:
During fiscal year 2010, this section extends the Governor's power to reduce allotments to include all state appropriations and local aid. It also allows him to reduce allotments if expending one-time revenues from federal stimulus grants or Stabilization Fund transfers endangers the Commonwealth's future fiscal well-being.