The bill outlines a Fiscal Year transfer schedule for the STEM Pipeline Fund, specifically account number 1595-7066, which is designated to support the Massachusetts Science, Technology, Engineering, and Mathematics Grant (Pipeline) Fund. The purpose of this transfer is to provide an operating subsidy from the General Fund to the Pipeline Fund, aimed at increasing student participation in programs that promote careers in STEM fields. The total allocation for the FY25 General Appropriations Act (GAA) is set at $1,000,000, with monthly transfer amounts detailed in an attached schedule.
New legal language has been introduced in the bill, including an "OT Schedule Summary" and a provision indicating a transfer amount of "TBD $500,000.00" for a specific month, which contributes to the overall funding of $1,000,000. The bill emphasizes the importance of STEM education and aims to enhance the workforce in these critical areas by ensuring adequate financial support through the Pipeline Fund.