AN ACT RELATIVE TO A STABILIZATION FUND IN THE TOWN OF LEICESTER.
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. In the town of Leicester, a vote to withdraw funds from the Stabilization Account, a stabilization fund established under section 5B of chapter 40 of the General Laws, shall require a 9/10 vote of the annual town meeting or a special town meeting.
SECTION 2. From all other stabilization funds established in the town of Leicester, a 2/3 vote of the annual town meeting or a special town meeting shall be required to withdraw funds, as provided for in section 5B of chapter 40 of the General Laws.
SECTION 3. This act shall take effect upon its passage.