The bill outlines a Fiscal Year transfer schedule for the Twenty-First Century Education Trust Fund, as mandated by Section 2E of Chapter 9 of the Acts of 2025. The transfer provides an operating subsidy from the General Fund to the Trust Fund, aimed at enhancing educational opportunities for all students. The total allocation for FY26 is set at $1,000,000, with specific monthly transfer amounts detailed in the attached schedule.
Notably, the bill includes new legal language that specifies the addition of a transfer for June 2026, amounting to $1,000,000. This marks a significant update to the existing schedule, ensuring that the Trust Fund receives consistent financial support throughout the fiscal year. The Comptroller of the Commonwealth, William McNamara, has committed to notifying the committees of any changes to this schedule.