SECTION 1. The third sentence of section 2 of chapter 50 of the acts of 2006 is hereby amended by striking out the words “, with the approval of the board,”.
SECTION 2. Section 5 of said chapter 50 is hereby repealed.
SECTION 3. Notwithstanding any general or special law to the contrary, any and all funds remaining in the Supplemental Reserve Fund to Ensure Fiscal Stability established under section 5 of chapter 50 of the acts of 2006 shall be transferred into the Athol-Royalston Regional School District Financial Stability Fund established under section 2 of said chapter 50 and shall thereafter be subject to all laws, rules and requirements governing said fund.
SECTION 4. This act shall take effect upon its passage.
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