Section 10:35GGG - [Multiple versions] Global Warming Solutions Trust Fund(a) There shall be a Global Warming Solutions Trust Fund into which shall be deposited: (i) any revenues or other financing sources directed to the fund by appropriation; (ii) bond revenues or other monies authorized by the general court and specifically designated to be credited to the fund; (iii) any income derived from the investment of amounts credited to the fund or repayment of loans from the fund; (iv) funds from public or private sources including, but not limited to, gifts, federal or private grants, donations, rebates and settlements received by the commonwealth that are specifically designated to be credited to the fund; and (v) all other amounts credited or transferred into the fund from any other source. The fund shall be administered by the secretary of energy and environmental affairs.(b) Amounts credited to the fund may be used, without further appropriation, to provide grants or loans to governmental, quasi-governmental or nonprofit entities for costs incurred in relation to implementation of chapter 298 of the acts of 2008, the clean energy and climate plan published by the executive office of energy and environmental affairs and other state and local strategies for climate change mitigation and adaptation. Such expenditures may include, but shall not be limited to: (i) payment of costs associated with planning, monitoring and managing carbon reduction measures; (ii) development and deployment of mitigation strategies and best practices to reduce carbon emissions; (iii) planning, monitoring and managing strategies to adapt to and prepare for the impacts of climate change; (iv) priority adaptation projects with potential co-benefits for climate change mitigation, environmental protection, public health or other factors, as determined by the secretary of energy and environmental affairs; (v) costs incurred by the bureau of environmental health in the department of public health associated with monitoring, studying and reporting on environmental pollutants in the air, water or soil to prevent or minimize environmental harms to public health; and (vi) pilot projects for new technologies or strategies to support carbon emission reductions. The amounts expended from the fund during any fiscal year for the costs of employees shall not exceed 5 per cent of total funds expended from the fund in that fiscal year. Monies deposited into the fund that are unexpended at the end of the fiscal year shall not revert to the General Fund and shall be available for expenditure in the subsequent fiscal year.(c) Annually, not later than December 1, the secretary of energy and environmental affairs shall report on the activities of the fund to the clerks of the house of representatives and the senate and to 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.Mass. Gen. Laws ch. 10, § 35GGG
Added by Acts 2018 , c. 209, § 3, eff. 8/9/2018.