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 the provisions of sections seven D and seven E of chapter seventy-nine and chapter two hundred A of the General Laws or any other general or special law to the contrary, the town treasurer of the town of Dennis may retain such funds as have been deposited or invested on behalf of any person entitled to damages awarded pursuant to section six of said chapter seventy-nine and shall not be required to transfer said funds to the state treasurer pursuant to said chapter two hundred A where the name of said person could not be determined after reasonable investigation or where said person fails to claim payment therefor. The board of selectmen of said town may, by majority vote, authorize the town treasurer to expend such funds for the purpose of early redemption of existing bonds, for the payment of principal and expenses thereof.

For the purposes of this act, the term funds shall be deemed to include only those monies deposited or invested pursuant to said section seven D of said chapter seventy-nine which were first deposited or invested prior to January first, nineteen hundred and ninety-five.

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