Massachusetts Statutes

§ 35SSS — Broadband Innovation Fund

Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title II EXECUTIVE AND ADMINISTRATIVE OFFICERS OF THE COMMONWEALTH·Ch. 10 DEPARTMENT OF THE STATE TREASURER

[ Subsection (a) effective until May 30, 2023. For text effective May 30, 2023, see below.]Section 35SSS.

(a)There shall be established and set up on the books of the commonwealth a separate fund known as the Broadband Innovation Fund to be administered by the secretary of housing and economic development. There shall be credited to the fund:
(i)revenue from appropriations or other money authorized by the general court and specifically designated to be credited to the fund;
(ii)interest earned on such revenues; and (iii) funds from public and private sources including gifts, grants and donations. Any unexpended balance in the fund at the end of a fiscal year shall not revert to the General Fund and shall remain available for expenditure in subsequent fiscal years. No expenditure

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