Section 89

Section 89 Excess Capital Gains Distribution

          Notwithstanding any general or special law to the contrary, for fiscal year 2027, the comptroller shall transfer capital gains collected in excess of the threshold under section 5G of chapter 29 of the General Laws on a quarterly basis as follows: (i) 53.1 per cent to the State Retiree Benefits Trust Fund established in section 24 of chapter 32A of the General Laws; (ii) 39.1 per cent to the Commonwealth Stabilization Fund established in section 2H of chapter 29 of the General Laws and (iii) 7.8 per cent to the Disaster Relief and Resiliency Fund established in section 2HHHHHH of said chapter 29.

Summary

This section amends the distribution of excess capital gains income for Fiscal Year 2027.