Section 131: Transfer of Funds from the University of Massachusetts to the General Fund

Notwithstanding any general or special law to the contrary, the president of the university of Massachusetts, upon the recommendation of the chancellor of the Worcester campus that resources are available from the unrestricted non-appropriated revenues received by said campus for the services it provides to third parties, may make a payment to the General Fund of an amount representing all or part of the capital appropriations made available to the university by the commonwealth in the prior fiscal year. The president shall notify the comptroller of the university's commitment to make such payments and such payments shall become obligations of the university upon such notification.

Summary: 
Authorizes the transfer of funds from the University of Massachusetts related to capital appropriations to the General Fund.