Section 94 FY 2021 Stabilization Fund Transfer

Notwithstanding any general or special law to the contrary, the comptroller shall, during fiscal year 2021, but prior to the calculation of the fiscal year 2021 consolidated net surplus in accordance with section 5C of chapter 29 of the General Laws, transfer not more than $1,700,000,000 to the General Fund from the Commonwealth Stabilization Fund, established by section 2H of chapter 29 of the General Laws, upon the written request of the secretary of administration and finance. The comptroller, in consultation with the secretary, may take the overall cash flow needs of the commonwealth into consideration in determining the timing of any transfer of funds. The comptroller shall provide a schedule of transfers to the secretary and to the senate and house committees on ways and means.