Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. Notwithstanding the provisions of section fifty-three of chapter forty-four of the General Laws, the town of Middleborough may establish in the town treasury a revolving fund which shall be kept separate and apart from all other monies by the treasurer of said town and in which shall be deposited all fees charged by the planning board for the purpose of offsetting cost incurred by said board for services rendered to said town by engineers, surveyors, architects and other persons who give professional and technical advice to evaluate and provide information on subdivisions, master permits or special permits.
SECTION 2. The revolving fund shall be expended at the direction of the planning board without further appropriation provided that such funds are to be expended only for expenses incurred by said planning board in connection with carrying out its responsibilities under law. Such expenses shall include payments for services rendered to said town by engineers, surveyors, architects and other persons who give professional and technical advice to assist the planning board in carrying out its responsibilities under law.
SECTION 3. No funds from said account shall be expended to purchase equipment or to employ or pay the salary of any town officer or employee and provided, further, that said revolving fund shall not exceed the sum of twenty thousand dollars. Any amount in excess of twenty thousand dollars, at any time during the fiscal year, shall be paid into the town treasury as provided in section fifty-three of chapter forty-four.
SECTION 4. The town accountant shall submit annually a report of said revolving fund to the board of selectmen for their review. The town accountant shall submit a copy of said reports to the director of the bureau of accounts.