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 town of Brookline may appropriate an amount not exceeding in any 1 year .05 per cent of its equalized valuation as defined in section 1 of chapter 44 of the General Laws, to establish and maintain a trust fund to provide indemnification payments, in accordance with section 100 of chapter 41 of the General Laws, for firefighters and police officers, but no money shall be appropriated for this purpose while the fund equals or exceeds 1 per cent of the town's equalized valuation. The treasurer of the town shall be the custodian of the fund. All interest or other income generated by the fund shall be added to and become a part of the fund. Expenditures from the fund may be made for this indemnification, upon request of the chief of the fire department for firefighters or the police chief for the police officers, with the approval of the town administrator.

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

Approved March 15, 2006 .