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Session Laws

1992

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CHAPTER 326 AN ACT AUTHORIZING THE COUNTY OF DUKES COUNTY TO BORROW IN ANTICIPATION OF A CERTAIN STATE GRANT.

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 general or special law to the contrary, the county of Dukes County may, by majority vote of the county commissioners, incur debt by temporary loans not to exceed five hundred and fifty thousand dollars for the construction of certain sewage treatment facilities and water connections in anticipation of reimbursement from the commonwealth, such reimbursement having first been agreed upon by the Massachusetts aeronautical commission (under contract 2MVYPRK), and may issue notes therefor for a period not exceeding two years from their date of issuance. The aggregate amount of such notes shall not exceed an amount reasonably required, which amount shall be approved by the director of the bureau of accounts in the division of local services in the department of revenue and shown on an estimated cash flow statement prepared on a form approved by the director. In addition, the director may require the submission of such other information as deemed necessary.

SECTION 2. This act shall take effect upon its passage.

Approved January 5, 1993.