Section 2ZZZZ. (a) There shall be a Debt and Long-Term Liability Reduction Trust Fund. The fund shall be administered by the secretary of administration and finance, in consultation with the treasurer and receiver-general.
(b) There shall be credited to the fund all monies received under subclause (i) of clause (2) of section 59 of chapter 23K. Expenditures from the fund shall be made for the payment and prepayment of commonwealth debt and other long-term liabilities including, but not limited to: (i) debt service payable by the commonwealth and the Massachusetts Department of Transportation; (ii) contract assistance payments; (iii) payments pursuant to contracts established under section 38C; (iv) funding escrow accounts for the payments described in clauses (i) to (iii), inclusive; (v) unfunded pension liabilities; and (vi) other post-employment benefits. The comptroller may certify amounts for payment in anticipation of expected receipts; provided, however, that no expenditure shall be made from the fund that shall cause the fund to be deficient at the close of a fiscal year. Amounts credited to the fund shall not be subject to further appropriation. Money remaining in the fund at the close of a fiscal year shall not revert to the General Fund and shall be available for expenditure in subsequent fiscal years.
(c) Annually, not later than December 1, the secretary shall report on the activities of the fund to the clerks of the house of representatives and senate and to the chairs of the house and senate committees on ways and means. The report shall include an accounting of expenditures made from the fund with a description of the authorized purpose of each expenditure, an accounting of amounts credited to the fund and any unexpended balance remaining in the fund.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title III - Laws Relating to State Officers
Section 2 - General Fund; Deposit of Revenue
Section 2b - Federal Capital Improvement Fund
Section 2c - General Federal Grants Fund
Section 2h - Commonwealth Stabilization Fund
Section 2i - Tax Reduction Fund
Section 2l - Water Pollution Abatement Revolving Fund
Section 2o - Issuance of Bonds and Notes Payable From Commonwealth Transportation Fund
Section 2q - Intragovernmental Service Fund
Section 2v - Dairy Equalization Fund
Section 2w - Water Pollution Abatement and Drinking Water Projects Administration Fund
Section 2z - Commonwealth Sewer Rate Relief Fund
Section 2jj - Child Care Quality Fund
Section 2qq - Drinking Water Revolving Fund
Section 2rr - Workforce Training Trust Fund
Section 2tt - Liability Management and Reduction Fund
Section 2zz - Catastrophic Illness in Children Relief Fund
Section 2aaa - Health Insurance Portability and Accountability Act Fund
Section 2fff - Dam Safety Trust
Section 2ggg - Civil Monetary Penalties Fund; Nursing Home Facilities
Section 2hhh - Open Space Acquisition Revolving Fund
Section 2iii - Agricultural Resolve and Security Fund
Section 2jjj - Registers Technological Fund
Section 2kkk - County Registers Technological Fund
Section 2lll - Firearms Fingerprint Identity Verification Trust Fund
Section 2mmm - Massachusetts Science, Technology Engineering, and Mathematics Grant Fund
Section 2nnn - Roche Community Rink Fund
Section 2ooo - Commonwealth Care Trust Fund
Section 2ppp - Essential Community Provider Trust Fund
Section 2qqq - Medical Assistance Trust Fund
Section 2rrr - Department of Developmental Services Trust Fund
Section 2sss - Educational Rewards Grant Program Fund
Section 2uuu - Massachusetts Board of Higher Education Scholar–internship Match Fund
Section 2vvv - International Education and Foreign Language Grant Program Fund
Section 2www - Workforce Competitiveness Trust Fund
Section 2xxx - District Local Technical Assistance Fund
Section 2yyy - Courts Capital Project Fund
Section 2zzz - Commonwealth Transportation Fund
Section 2aaaa - State Athletic Commission Fund
Section 2bbbb - Commonwealth Substance Abuse Prevention and Treatment Fund
Section 2cccc - Local Aid Stabilization Fund
Section 2dddd - Gaming Economic Development Fund
Section 2eeee - Local Capital Projects Fund
Section 2ffff - Health Care Workforce Transformation Fund
Section 2gggg - Distressed Hospital Trust Fund
Section 2hhhh - Fingerprint-Based Background Check Trust Fund
Section 2iiii - Dam and Seawall Repair or Removal Fund
Section 2jjjj - Public Safety Training Fund
Section 2kkkk - Medical Marijuana Trust Fund
Section 2llll - Massachusetts Environmental Police Trust Fund
Section 2mmmm - Home and Community-Based Services Policy Lab Fund
Section 2nnnn - Regional Water Entity Reimbursement Fund
Section 2oooo - Advanced Manufacturing, Technology and Hospitality Training Trust Fund
Section 2pppp - Massachusetts Seafood Marketing Program Fund
Section 2qqqq - Logan Airport Health Study Trust Fund
Section 2rrrr - Municipal Naloxone Bulk Purchase Trust Fund
Section 2ssss - Masshealth Delivery System Reform Trust Fund
Section 2tttt - Community Hospital Reinvestment Trust Fund
Section 2uuuu - Long–term Care Facility Quality Improvement Fund
Section 2vvvv - Sexual Assault Nurse Examiner Trust Fund
Section 2wwww - Non-Acute Care Hospital Reimbursement Trust Fund
Section 2xxxx - Municipal Epinephrine Bulk Purchase Trust Fund
Section 2yyyy - Substance Use Disorder Federal Reinvestment Trust Fund
Section 2zzzz - Debt and Long-Term Liability Reduction Trust Fund
Section 2aaaaa - Safety Net Provider Trust Fund
Section 2bbbbb - Underground Storage Tank Petroleum Product Cleanup Fund
Section 2ccccc - Civics Project Trust Fund
Section 2ddddd - Technical Rescue Services Fund
Section 2eeeee - Massachusetts Veterans and Warriors to Agriculture Program Fund
Section 2fffff - Home Care Technology Trust Fund
Section 2ggggg - Behavioral Health Outreach, Access and Support Trust Fund
Section 2hhhhh - Massachusetts Cultural and Performing Arts Mitigation Trust Fund
Section 2iiiii - Early Education and Care Public-Private Trust Fund
Section 2jjjjj - Federal Covid-19 Response Fund
Section 2kkkkk - Nonpublic Ambulance Service Reimbursement Trust Fund
Section 2lllll - Low-Income Services Solar Program
Section 2mmmmm - Genocide Education Trust Fund
Section 2nnnnn - Student Loan Assistance Trust Fund
Section 2ooooo - Healthy Soils Program Fund
Section 2ppppp - Academic Health Department Partnerships Trust Fund
Section 2qqqqq - Criminal Justice and Community Support Trust Fund
Section 4 - Estimates for Purposes Not Covered by Sec. 3; Review; Public Hearing
Section 5b - Estimates of Budgeted Revenues and Tax Expenditures; Consensus Tax Revenue Forecast
Section 5c - Comptroller's Certification and Disposition of Consolidated Net Surplus
Section 5d - Indirect and Fringe Benefit Costs Expended From General Fund; Recovery by Comptroller
Section 5f - Department Financial Plans; Contents; Use of Information
Section 6b - Federal Grant Funds
Section 6e - General Appropriation Bill; Balanced Budget
Section 7i - Requests and Recommendations for Appropriations or Authorizations for Expenditures
Section 7l - Appropriation Laws for Commonwealth Expenses; Subject Matter
Section 7m - Transfer of Funds Among Appropriation Items for House of Representatives and Senate
Section 7n - Transfer of Funds Among Items of Appropriation for Joint Legislative Expenses
Section 9c - Deficiency of Revenue
Section 9d - Anticipated Decrease in Estimated Revenue
Section 9e - Insufficient Appropriations for Required Expenditures
Section 9f - Periodic Appropriations; Notification of Expenditures
Section 9g - Authorization of Expenditures
Section 9g1/2 - Publication of Allocation of Commonwealth Debt for Capital Facility Projects
Section 12 - Appropriations for Fiscal Year
Section 12b - Fiscal Year for Payment of Classified Personal Services
Section 13 - Encumbrances Outstanding at Close of Fiscal Year
Section 14 - Appropriations for Other Than Ordinary Maintenance; Unencumbered Balance
Section 15 - Successive Appropriations
Section 16 - Payments From Ordinary Revenue; Cash on Hand
Section 17 - Withholding Appropriations; Unadjusted Accounts
Section 18 - Payments From the Treasury Regulated
Section 19a - Time of Making Transfers Called for in General Appropriation Acts
Section 20 - Authorization of Payments
Section 20c - Late Penalty Interest; Submission of Invoice
Section 22 - Payments Limited; Expenses Incurred
Section 23a - Payments for Human Service Programs; Rules and Regulations Relating to Eligibility
Section 24 - Advancements; Certification of Immediate Use
Section 25 - Advancements; Detailed Statements; Filing by Recipients
Section 26 - Expenses in Excess of Appropriations or Allotments
Section 27 - Expenses and Increases Regulated
Section 28 - State Publications; Costs; Payments
Section 29a - Consultants; Employment and Compensation; Legislative Reports
Section 29b - Contracts With Organizations Providing Social, etc., Services
Section 29d - Private Debt Collectors, Employment by State Agencies
Section 29e - Maximum Reimbursement for Project Costs
Section 29g - Utility Expenses of Commonwealth; Recoupment of Overcharges
Section 29h - Overdue Payments to Commonwealth; Late Charges
Section 29j - Use of State Funds to Pay for Executive or Legislative Agent Prohibited
Section 30 - Insuring Property of the Commonwealth
Section 31b - Teachers; Weekly Payments
Section 31c - Schools and Colleges; Non-Teaching Positions; Vacation Time
Section 31d - Payment of Salaries Upon Death of Officers or Employees; Discharge of Liability
Section 31e - Voluntary Services at Public Schools by State Employees; Effect on Salaries
Section 32a - Unpaid Wages and Salaries; Unclaimed Wage Fund; Refunds
Section 34 - Deposit of Public Monies
Section 35 - Bonds or Other Securities; Assignments, Etc.
Section 36 - Mortgages Held by Commonwealth; Discharge; Assignments
Section 37 - Real Estate Acquired by Foreclosure; Sale by State
Section 38 - Investment of Commonwealth Funds; Loans
Section 38a - Investment Funds; Establishment; Sale of Participation Units
Section 38b - Deferred Compensation Committee
Section 39 - Bonds, etc., Held by Commonwealth; Exchanges
Section 40 - Trust Deposits With State; Form; Investment
Section 41 - Bonds, etc., of Commonwealth; Custody
Section 44 - Unappropriated Income
Section 45 - Securities Purchased for Sinking Funds
Section 46 - Transfer of Securities From One Fund to Another
Section 47 - Borrowing in Anticipation of Receipts; Use of Notes to Pay Taxes of Bearer
Section 48 - Signatures on Bonds and Notes
Section 48a - Facsimile Signatures, Bonds, Notes, Interest Coupons; Signatures of Former Officers
Section 49 - Sinking Fund for Commonwealth Bonds; Investments
Section 49a - Minibonds; Issuance and Sale; Limitations; Regulations
Section 49b - Insurance or Credit Line Security for Bonds and Notes; Agreements With Brokers
Section 50 - Serial and Sinking Fund Payments; Certification
Section 53a - Refunding Bonds; Issuance; Proceeds; Terms; Report
Section 54 - Deposits or Other Security for Proposals by Bidders
Section 55 - Sale of Bonds, etc.; Expenditures
Section 56 - Transfers of Reverted Funds; Sales of Bonds or Other Securities
Section 58 - Registered Bonds Exchanged for Coupon Bonds or Defaced Bonds
Section 59 - Lost or Destroyed Interest-Bearing Bonds; Duplicates
Section 60 - Lost or Destroyed Interest-Bearing Bonds; Owner's Indemnity Bonds
Section 61 - Claims for Materials or Labor Against Commonwealth; Oath of Claimants
Section 64 - Deferred Compensation Contracts; Public Employees; Investments; Budgets
Section 64a - Individual Retirement Accounts; Public Employees
Section 64b - Deferred Compensation Contracts Between Governmental Bodies and Employees; Investments
Section 64c - Individual Retirement Accounts Between Governmental Bodies and Employees
Section 64e - Qualified Defined Contribution Plan for Employees of Not-for-Profit Employer
Section 66 - Violation of State Finance Laws; Penalties
Section 71 - Treasurer's Obligation Regarding Local Aid Intercepts