Section 87 FY 2021 Stabilization Fund Deposit
(a) For fiscal year 2021, to the extent funds are available, the comptroller may transfer $250,100,000, 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.
(b) In addition, the following activities and events are expected to result in the amounts set forth below being deposited in the Commonwealth Stabilization Fund:
(1) $21,400,000 from gaming revenues, as provided in clause (f) of paragraph (2) of section 59 of chapter 23K of the General Laws; and
(2) $39,000,000 from other sources.
(c) The total deposit made as a result of the actions described in subsections (a) and (b) of this section is expected to be $310,500,000.
Summary
This section describes the anticipated effect of transfers to the Stabilization Fund under Section 5G of Chapter 29 of the General Laws as well as the anticipated impact of the transfers and events that are anticipated in this legislation.