AN ACT ESTABLISHING THE CALEB CHASE TRUST FUND REVENUE ACCOUNT IN THE TOWN OF DENNIS.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows:
(a) Notwithstanding any general or special law to the contrary, the town of Dennis, may design and designate a place on its municipal real estate tax bills whereby taxpayers of the town of Dennis may voluntarily check off, donate and pledge an amount of not less than $1 which shall increase the amount otherwise due, and that donation and pledged amount shall be deposited in the Caleb Chase Trust Fund to be used for the support of the poor.
(b) Amounts donated to the Caleb Chase Trust Fund shall be deposited into a special account in the general treasury and shall be in the custody of the town treasurer. The treasurer shall invest the funds at the direction of the Caleb Chase Trust Fund committee, subject to the same provisions and limitations of the General Laws applicable to trust fund investments. The Caleb Chase Trust Fund, together with the interest earned thereon, shall be used for the purpose specified in this section without further appropriation.
(c) Trust funds shall only be expended in accordance with the terms of the Caleb Chase Trust. The Caleb Chase Trust Fund committee, with the assistance of the town treasurer, shall adopt rules and regulations to carry out this act and to identify the receipts of such aid. The Caleb Chase Trust Fund committee shall provide an annual financial report of the activities of the Caleb Chase Trust Fund to the board of selectmen.
Approved June 20 , 2008