HOUSE DOCKET, NO. 3806 FILED ON: 6/8/2011
HOUSE . . . . . . . . . . . . . . . No. 3502
In the Year Two Thousand Eleven
An Act increasing the expenditure limit on the Parks and Recreation Revolving Fund in the town of Hanover.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
1. Notwithstanding the provisions of clause (4) of the third paragraph of Section 53E1/2 of Chapter forty-four of the General Laws, the Town of Hanover may establish a Revolving Fund for the Parks and Recreation Department from which the town may expend an amount in excess of one percent of the amount raised by taxation in the Town of Hanover in the most recent fiscal year for which a tax rate has been certified, provided that said revolving fund complies in all other respects with the provisions of Section 53E1/2 of Chapter forty-four.
2. This Act shall take effect upon its passage.