Massachusetts HD 115: An Act relative to creating a public advancement fund
Status:
State: Massachusetts · Session: 192nd · Bill: HD 115
Sponsors: Bradford Hill
Bill Text
1 of 1 HOUSE DOCKET, NO. 115 FILED ON: 1/13/2021 HOUSE . . . . . . . . . . . . . . . No. 514 The Commonwealth of Massachusetts _________________ PRESENTED BY: Bradford Hill _________________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General Court assembled: The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: An Act relative to creating a public advancement fund. _______________ PETITION OF: NAME: DISTRICT/ADDRESS: DATE ADDED: Bradford Hill 4th Essex 1/13/2021 1 of 2 HOUSE DOCKET, NO. 115 FILED ON: 1/13/2021 HOUSE . . . . . . . . . . . . . . . No. 514 By Mr. Hill of Ipswich, a petition (accompanied by bill, House, No. 514) of Bradford Hill relative to creating a public advancement fund with monies transferred from registration and renewal fees from online gaming, daily fantasy sports, and online sports betting. Economic Development and Emerging Technologies. [SIMILAR MATTER FILED IN PREVIOUS SESSION SEE HOUSE, NO. 375 OF 2019-2020.] The Commonwealth of Massachusetts _______________ In the One Hundred and Ninety-Second General Court (2021-2022) _______________ An Act relative to creating a public advancement fund. Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: 1 Chapter 23K of the General Laws, as appearing in the 2016 Official Edition, is hereby 2 amended by inserting after Section 71 the following section: 3 “Section 72. There shall be established and set up on the books of the commonwealth a 4 fund to be known as the Public Advancement Fund. The fund shall be credited with any monies 5 transferred from all registration and renewal fees from online gaming, daily fantasy sports, and 6 online sports betting. Expenditures from the fund shall be subject to appropriation; provided, 7 however that 50 per cent of the funds received shall be appropriated for the purposes of 8 transportation services to supplement, and not offset, any reduction in line item 5911-2000 of 9 the general appropriation act from the previous fiscal year’s general appropriation act; and 2 of 2 10 provided further, that the remaining 50 per cent of the funds received shall be appropriated for 11 the purposes of K-12 education and shall be used to supplement, and not offset, any reduction in 12 line-item 7061-0008 of the general appropriation act from the previous fiscal year’s general 13 appropriation act.
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