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 section 53 of chapter 44 of the General Laws or any other general or special law to the contrary, the town of Brewster may establish a fund, which shall be kept separate and apart from all other monies of the town by the town treasurer and into which shall be deposited all road betterment payments received by the town. The town treasurer may invest the funds in the manner prescribed in sections 54 and 55 of said chapter 44. Interest earned on the fund shall be credited to the general fund of the town. The principal shall be available for expenditure by the board of selectmen, with the approval of a special or annual town meeting, for the acceptance and improvement of private ways performed in accordance with the code of the town of Brewster and chapter 80 of the General Laws.

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