HOUSE DOCKET, NO. 5087        FILED ON: 6/16/2010

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 4852

The Commonwealth of Massachusetts

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In the Year Two Thousand Ten

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An Act Relative to the Public Health Enterprise Fund in the Town of Stoughton..

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

Notwithstanding section 5B of chapter 40 and section 53F ½ of chapter 44 of the General Laws or any other general or special law to the contrary, if in any fiscal year in the town of Stoughton, the certified retained earnings as of July 1 of that fiscal year of the public health enterprise fund exceeds the approved fiscal year operating budget of said fund, up to 50 per cent of such excess may be transferred, by a vote of the town meeting, to the stabilization fund.