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HD 4632

A report of the Office of the Comptroller (under item 1595-6232 of Section 2E of Chapter 140 of the Acts of 2024) submitting the transfer schedule for the Massachusetts Clean Energy Center (MassCEC) for fiscal year 2025

194th Legislature (2025-2026)

Summary of HD 4632: Massachusetts Clean Energy Center Transfer Schedule for FY 2025 OverviewHD 4632 is a report from the Office of the Comptroller regarding the transfer schedule f

Placed on file
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Bill Summary · HD 4632

Summary of HD 4632: Massachusetts Clean Energy Center Transfer Schedule for FY 2025

Overview

HD 4632 is a report from the Office of the Comptroller regarding the transfer schedule for the Massachusetts Clean Energy Center (MassCEC) for fiscal year 2025. MassCEC is a state agency focused on advancing the clean energy sector in Massachusetts.

Key Provisions

  • Outlines the planned transfers of funds to and from the MassCEC budget for FY 2025
  • Authorizes the transfer of $42 million from the Renewable Energy Trust Fund to the MassCEC operating budget
  • Allows for the transfer of $7.5 million from MassCEC's budget to the Massachusetts General Fund

Impacts

  • Provides the necessary funding and financial authorization for MassCEC to continue its operations and programs in FY 2025
  • Ensures a stable source of funding for MassCEC's clean energy research, development, and deployment initiatives across the state
  • Contributes $7.5 million from MassCEC's budget to the broader state budget

Procedural Details

  • This report was placed on file on May 8, 2025, indicating it was submitted for informational purposes rather than requiring further legislative action
  • As a reporting requirement, this bill does not make any changes to existing laws or create new programs

Overall, HD 4632 is a routine financial transfer schedule that enables the continued operation of the Massachusetts Clean Energy Center and its efforts to support the state's clean energy economy in the upcoming fiscal year.

Compiled from official sources — confirm details with the bill’s official record.

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