Session Laws

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. Notwithstanding any provision of the law to the contrary, the town of Salisbury is hereby authorized to carry a deficit of one million one hundred eight thousand eight hundred seventy-five dollars and seventy-nine cents and to raise said deficit in ten equal payments over ten consecutive fiscal years commencing in fiscal year nineteen hundred and ninety-one. The amounts raised in each of fiscal years nineteen hundred and ninety-one through two thousand to fund said deficit shall be transferred to the sewer operating and maintenance account.

SECTION 2. If, in any fiscal year, there shall be a net surplus in the sewer operating and maintenance account after providing for all expenses, interest charges and payment on the principal as they accrue upon any bonds or notes issued on behalf of the sewer system, such surplus may be used to reimburse the town for monies theretofore paid on account of the sewer operation.