Section 2YYYYY: High-Quality Early Education & Care Affordability Fund
135 words·~1 min read·
/ma/part-i/title-iii/chapter-29/2yyyyy·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 2YYYYY. There 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.