SECTION 1. Section 16 G1/2 in Chapter 71 of the General Laws is hereby amended by adding, in the second sentence after the word "shall" the following "notify the member towns that said stabilization account has been established. Each regional school district member town will have 45 days to consider the establishment of the stabilization fund. In the even that a member town fails to take action within 45 days, that member town shall be deemed to have approved the establishment of said stabilization fund."
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