Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. Notwithstanding any provision of the law to the contrary, in the event that the annual regional school district budget for the Old Rochester Regional School District has not been approved by its member towns under section sixteen B of chapter seventy-one of the General Laws before July first, nineteen hundred and eighty-seven, the treasurer of each town shall pay to the treasurer of Old Rochester Regional School District, on or before July fifteenth, nineteen hundred and eighty-seven and on or before the fifteenth day of each succeeding month until said budget has been so approved, but in no case beyond November fifteenth, nineteen hundred and eighty-seven, a sum equal to one-twelfth of the total amount apportioned and certified to such town for the preceding fiscal year.
The treasurer of said district is hereby authorized to expend the funds so paid by each member town and in addition thereto, available funds, state receipts and any other funds received for the operation of said District.
Upon approval by the member towns of the annual regional school district budget for the fiscal year nineteen hundred and eighty-eight, the treasurer of the Old Rochester Regional School District shall deduct from the amounts so certified or recertified to each member municipality, all amounts previously paid to the district on account of said fiscal year nineteen hundred and eighty-eight and the balance payable by each such town for said fiscal year shall be paid to the District in accordance with the terms of the regional school district agreement.
SECTION 2. This act shall take effect as of July first, nineteen hundred and eighty-seven. All sums required by section one to be paid to the Old Rochester Regional School District by its member towns prior to the approval of this act shall be paid to said District no later than fifteen days following such approval.