Budget Amendment ID: FY2018-S3-74

LOC 74

Municipal Modernization Updates

Mr. Moore moved that the proposed new text be amended in section 2, after section ____ the following 2 sections:-

"SECTION ____. Section 25 of chapter 59 of the General Laws, as amended by section 133 of chapter 218 of the acts of 2016, is amended by striking out the second sentence and inserting in place thereof the following sentence:- The overlay account may be used only for avoiding fractional divisions of the amount to be assessed, for abatements granted on account of property assessed for any fiscal year and for any interest payable on such abatements under section 64 or 69 of this chapter.

SECTION ____. Notwithstanding section 53E½ of chapter 44 or any other general or special law to the contrary, no limit shall apply to the amount of receipts the city or town may authorize in expenditures by any board, department or officer from the revolving funds under its control, or from all revolving funds, during the fiscal year beginning on July 1, 2017. Revolving funds for use by a city or town agency, board, department or office for the fiscal year beginning on July 1, 2017 may be established by (1) a vote of the legislative body upon the recommendation of the chief administrative or executive officer or (2) a bylaw or ordinance; and a vote by the legislative body on the total amount that may be expended from each fund during the fiscal year. This section shall apply only to revolving funds established under section 53E½ of chapter 44."