SENATE DOCKET, NO. 2627        FILED ON: 7/14/2016

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2437

The Commonwealth of Massachusetts

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PRESENTED BY:

Bruce E. Tarr

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act authorizing the Town of Boxford to establish a reserve fund for certain special education costs.

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PETITION OF:

SENATE DOCKET, NO. 2627        FILED ON: 7/14/2016

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2437

The Commonwealth of Massachusetts

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In the One Hundred and Eighty-Ninth General Court
(2015-2016)

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An Act authorizing the Town of Boxford to establish a reserve fund for certain special education costs.

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

Notwithstanding any general or special law to the contrary, the Town of Boxford School Committee may appropriate or transfer, in any year without further appropriation, money from the school department budget to establish a reserve fund to provide for payment of unanticipated, unbudgeted and extraordinary costs of special education out-of-district tuitions and transportation.  The Board of Selectmen may appropriate or transfer in any fiscal year money from the Town budget to fund said reserve fund.  Such appropriation or transfer shall be in addition to any appropriation or transfer approved by Town Meeting from time-to-time to such reserve fund.  The balance in the fund shall not exceed 2 per cent of annual net school spending as defined in chapter 70 of the General Laws for the prior fiscal year.