HCB 3 Modifies provisions relating to funds for vulnerable senior citizens
Sponsor: Koenig
LR Number: 2360S.03T Fiscal Notes
Committee: General Laws
Last Action: 9/13/2017 - Motion to override Governor's veto H defeated Journal Page: H19-20
Title: SS HCB 3 Calendar Position: 2
Effective Date: August 28, 2017
House Handler: Fitzpatrick

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Current Bill Summary

SS/HCB 3 - This act provides that the State Treasurer shall deposit $35.4 million into the Senior Services Protection Fund on or before September 1, 2017.

This act also provides that by June 30, 2018, the Commissioner of Administration may make a one-time fund sweep of all unexpended balances from all fees, funds and moneys from whatsoever source received by any department, board, bureau, commission, institution, official or agency of the state government by virtue of any law or rule or regulation made in accordance with any law, excluding the Senior Services Protection Fund; all funds received and disbursed by the state on behalf of counties, cities, towns, and villages; any unexpended balance as may remain in any fund authorized, collected and expended by virtue of the provisions of the constitution of this state; all funds for the payment of interest and principal for any bonded indebtedness; funds created in order to receive and disburse federal funds; all funds used to fund elementary and secondary education under the foundation formula; any fund for which at least seventy percent of moneys is derived from an appropriation of general revenue; any professional or occupational fund created under Chapters 324 to 346; and all hospital, nursing home, pharmacy, and ambulance Federal Reimbursement Allowance (FRA) funds.