Amendment #1 to H4116

Floor Amendment

Mr. Speliotis of Danvers moves to amend the bill in section 3 by adding the following paragraph:

“The treasurer of the town of Yarmouth shall, until such time as the Beach Capital Improvement Fund ceases to exist, provide an annual financial report to the town of Yarmouth, which shall be publicly posted on or before October 1 of each year. The annual financial report shall specifically include: (i) Fund revenues; (ii) Fund receipts; (iii) the amount of grants made from the Fund; (iv) the specific amounts of loans made by the Fund and to whom such loans were made; and (v) the balance of money in the Fund at the end of each fiscal year.”.