Section 1. Notwithstanding clause (4) of the third paragraph of section 53E ½ of chapter 44 of the General Laws, the town of Wayland is hereby authorized to expend in any 1 fiscal year from the recreation department revolving fund not more than 5 per cent of the amount raised by taxation by the town in the most recent fiscal year for which a tax rate has been certified pursuant to section 23 of chapter 59 of the General Laws. The recreation department revolving fund shall be subject to all of said section 53E ½ except said clause (4) of the third paragraph.
Section 2. This act shall take effect upon passage.
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