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The 190th General Court of the Commonwealth of Massachusetts

Section 13: Capital reserve fund

[Text of section effective until July 1 preceding the opening of the Essex North Shore agricultural and technical school. Repealed by 2004, 463, Sec. 1. See 2004, 463, Sec. 18 as amended by 2010, 130, Sec. 7.]

Section 13. The board of trustees shall establish and maintain a capital reserve fund for the purpose of financing necessary facility maintenance and capital improvements, either directly or through the payment of debt service.