MBTA Capital Budget

SECTION 48.   Section 203 of chapter 46 of the acts of 2015 is hereby amended by striking out the words "which facilitate the transfer of all employees of the authority from the capital budget to the operating budget" and inserting in place thereof the following words:- which facilitate the funding of costs incurred by the authority from the capital budget or the operating budget, in accordance with government accounting standards and applicable state finance and federal law.
 
 

Summary:
This section would permit the MBTA to keep the costs of employees who work on the design and construction of capital projects on the capital budget, consistent with government accounting standards and with federal reporting requirements for capital labor.