Section 1. Notwithstanding Section 53 of Chapter 44 of the General Laws, or any other general or special law to the contrary, the
City of Everett may establish a separate fund to be known as the Linkage Fee Revolving Fund which shall be kept separate and
apart from all other monies of the City by the City Treasurer and into which shall be deposited all linkage fees received by the City
of Everett. The fund shall be used for the maintenance of streets, parks and public recreational facilities within the City of Everett
and the Mayor shall administer the funds for said purposes. The Treasurer may invest such funds in the manner authorized by
Sections 54 of said Chapter 44.
Section 2. This act shall take effect upon passage.
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