§ 2AAAA — State Athletic Commission Fund

[ Text of section effective until July 1, 2024. For text effective July 1, 2024,
see below.]Section 2AAAA. There shall be established and set up on the books of the
commonwealth a separate fund to be known as the State Athletic Commission
Fund, in this section referred to as the fund, to be administered by the division
of occupational licensure. The fund shall consist of any monies from licensing fees or other fees and fines collected under sections 32 to 35, inclusive, sections
40, 40A and 42 of chapter 147 and section 12 of chapter 265. The amounts
credited to the fund shall be available for expenditure without further appropriation
by the division of occupational licensure up to an amount not to exceed
$200,000 each fiscal year for the costs of operating and administering the state
athletic commission; provided, however, that if the amount credited to the fund
exceeds $200,000, the excess amount shall be deposited into the General Fund.
For the purposes of accommodating discrepancies between the receipt of
retained revenues and related expenditures, the department may incur expense
and the comptroller may certify for payment amounts not to exceed the lower of
this authorization or the most recent revenue estimate as reported in the state
accounting system.29:2AAAA. State Athletic Commission Fund[ Text of section as amended by 2024, 140, Sec. 50 effective July 1, 2024. See
2024, 140, Sec. 264. For text effective until July 1, 2024, see above.]Section 2AAAA. There shall be a State Athletic Commission Fund, which
shall be a separate, nonbudgeted special revenue fund to be administered by the
division of occupational licensure. The fund shall be credited with: (i) appropriations,
bond proceeds or other money authorized or transferred by the general
court and specifically designated to be credited to the fund; and (ii) any monies
from licensing fees or other fees and fines collected under sections 32 to 35,
inclusive, 40, 40A and 42 of chapter 147 and section 12 of chapter 265. Amounts
credited to the fund shall be available for expenditure without further appropriation
up to $500,000 each fiscal year for the costs of operating and administering
the state athletic commission; provided, however, that if the amount remaining
in the fund exceeds $500,000 at the end of a fiscal year, such excess amount
shall revert to the General Fund and be made available for appropriation. For
the purposes of accommodating discrepancies between the receipt of retained
revenues and related expenditures, the department may incur expense and the
comptroller may certify for payment amounts not to exceed the lower of this
authorization or the most recent revenue estimate as reported in the state
accounting system.