Section 120: Transfer from Commonwealth Care Trust Fund to Uncompensated Care Trust Fund

Notwithstanding any general or special law to the contrary, the comptroller shall, in consultation with the state treasurer, the secretary of administration and finance and the secretary of health and human services, develop a schedule for transferring not less than $290,000,000 from the Commonwealth Care Trust Fund to the Uncompensated Care Trust Fund for the purpose of making revenues available for the uncompensated care pool during hospital fiscal year 2007. This schedule shall make the transfers in increments considered appropriate to meet the cash flow needs of the commonwealth and said uncompensated care pool. The transfers shall not begin before October 1, 2006, and shall be completed on or before June 30, 2007.

Summary: 
Directs the transfer of $290 million from the Commonwealth Care Trust Fund to the Uncompensated Care Trust Fund.