Lawmakers cut $30M from green, biotech and e-health programs - Boston Business Journal:

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State Sen. Marc Pacheco, chairman of the Senate Committe e on Global Warming andClimats Change, confirmed Monday that individual cuts to the investmeng funds were endorsed last week durinb a supplemental authorization vote at the Statehouse. A Houss Ways and Means official said each of the threes investment fundstargeted — the Massachusetts Alternative and Cleahn Energy Investment Trust Fund, the E-health Trust Fund and the Life Sciences Investment Fund — will each have $10 millio n pared from their budgets. , which was part of the state’z Green Jobs Act passed in August, will see its balancer sheet cutfrom $43 million to $33 million.
The investmeng vehicle was created to help promotethe state’ clean-energy sector while also lowering its greenhouse-gas emissions. The fund was launchef with $43 million from the fiscal 2007 surplus. The fund will also receivwe another $25 million previously budgeted for the RenewableeEnergy Trust, a division of the . Pacheco said the state still has significant investmenyt funds atits disposal, adding that last week’a cuts are not a sign of a retreat from the commonwealth'ws fastest-growing sectors. “We really deauthorized some Pacheco said. “Given the fact that most of the fundssauthorized ...
We were not goin g to be able to get most of that mone out the door by the end of this fiscalperiofd anyway.”