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Bill H.4083
SECTION 1. Chapter 29 of the General Laws is hereby amended by inserting after section 2JJJJJJ the following section:-
Section 2KKKKKK. There shall be established and set up on the books of the commonwealth a separate fund known as the Bourne Bridge Replacement Fund, to be administered by the Massachusetts Department of Transportation. The fund shall be credited with: (i) appropriations or other money authorized or transferred by the general court and specifically designated to be credited to the fund; (ii) funds from public and private sources, including, but not limited to, gifts, grants and donations; (iii) any funds received from the federal government for the replacement of the Bourne bridge; and (iv) any interest earned on the assets of the fund. Amounts credited to the fund may be expended by the Massachusetts Department of Transportation, without further appropriation, for costs related to the replacement of the Bourne bridge. Money remaining in the fund at the end of a fiscal year shall not revert to the General Fund. The fund shall not be subject to section 5C.
SECTION 2. Notwithstanding any general or special law to the contrary, $200,000,000 of income surtax revenue, as defined in section 2BBBBBB of chapter 29 of the General Laws, collected in the fiscal year ending on June 30, 2025 but certified after July 20, 2025, shall be transferred from the Education and Transportation Fund established in said section 2BBBBBB of said chapter 29 to the Bourne Bridge Replacement Fund established in section 2KKKKKK of said chapter 29, not later than 30 days after the effective date of this act.
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