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 Dighton is hereby authorized to segregate on its books the balance of insurance recoveries totalling one million four hundred and fifty-three thousand nine hundred eleven dollars and twenty-two cents as of May twelfth, nineteen hundred and ninety-five designate the same as the Insurance Recovery Fund, into which shall be deposited income from investment; provided, however, that said town shall be authorized to apply ninety thousand dollars thereof per year, and any income from investment earned in the preceding fiscal year, to its tax levy without appropriation in each of the fiscal years beginning July first, nineteen hundred and ninety-five to July first, two thousand and ten and the residual in the fiscal year beginning July first, two thousand and eleven.
SECTION 2. This act shall take effect upon its passage.