SECTION 1. The town of Sandwich may establish a fund, which shall be known as the Improvements to Private Ways Betterment Fund, hereinafter referred to as the fund, into which fund shall be deposited all payments received from property owners assessed betterments for the costs of improvements to private ways pursuant to the town of Sandwich general bylaw enacted pursuant to Section 6N of chapter 40 of the General Laws, and into which may be deposited other funds appropriated by the town for such purposes. Such fund shall continue from year to year without the necessity of town meeting authorization annually. The town may appropriate from the fund, by majority vote at any special or annual town meeting, funds to be expended by the town for improvements to private ways.
SECTION 2. Notwithstanding any general or special law to the contrary, the town of Sandwich may borrow for a term of up to 20 years in anticipation of reimbursement from betterments assessed in connection with work on private ways open to and used by the general public.
SECTION 3. This act shall take effect upon its passage.
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