Outside Section 55



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FY 2019 Stabilization Fund Deposit

SECTION 55.   For fiscal year 2019, the comptroller may transfer $88,000,000, or such larger amount as may be required, to the Commonwealth Stabilization Fund established in section 2H of chapter 29 of the General Laws, in the manner described in section 5G of said section 29; then, to the extent available, transfer $4,400,000 of the amount transferred to the State Retiree Benefits Trust Fund, and transfer $4,400,000 of the amount transferred to the Commonwealth's Pension Liability Fund, each as specified in the third paragraph of said section 5G of said chapter 29, resulting in a deposit under this section of not less than $79,200,000 to the Commonwealth Stabilization Fund.
 
 

Summary:
This section describes the anticipated effect of transfers to the Stabilization Fund under Section 5G of Chapter 29 of the General Laws, and that the other transfers required in that section (5% of the total transfer to OPEB, 5% of the total transfer to pension liability) will then be made from that transfer.



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