Section 116 Capital Gains Distribution

Notwithstanding any general or special law to the contrary, the comptroller shall transfer capital gains collected in excess of the threshold pursuant to section 5G of chapter 29 of the General Laws on a quarterly basis as follows: (i) 65 per cent to the Commonwealth's Pension Liability Fund established in subsection (e) of subdivision 8 of section 22 of chapter 32 of the General Laws, which shall satisfy the fiscal year 2026 requirements set forth in subdivision (1) of section 22C of said chapter 32, as amended by section 22 of chapter 28 of the acts of 2023; (ii) 20 per cent to the Commonwealth Stabilization Fund established in section 2H of the General Laws; (iii) 15 per cent to the State Retiree Benefits Trust Fund established in section 24 of chapter 32A of the General Laws.

This section describes the distribution of excess capital gains for Fiscal Year 2026.