Section 29:2YYYYY - High-Quality Early Education and Care Affordability FundThere shall be established and set up on the books of the commonwealth a separate fund known as the High-Quality Early Education & Care Affordability Fund. The fund shall be credited with:
(i) appropriations or other money authorized or transferred by the general court and specifically designated to be credited to the fund; (ii) funds from public and private sources, including, but not limited to gifts, grants and donations; and (iii) any interest earned on such money. Amounts credited to the fund shall be expended, subject to appropriation, for the implementation of initiatives to promote a high-quality early education and care system. Money remaining in the fund at the end of a fiscal year shall not revert to the General Fund. The fund shall not be subject to section 5C of chapter 29.Mass. Gen. Laws ch. 29, § 2YYYYY
Added by Acts 2022, c. 126,§ 22, eff. 7/1/2022.