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December 21, 2024 Clouds | 28°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 164 MANUFACTURE AND SALE OF GAS AND ELECTRICITY
  5. Section 57B Income from investment or deposit of proceeds of municipal bonds or notes issued for gas or electrical purposes

Section 57B

Section 57B: Income from investment or deposit of proceeds of municipal bonds or notes issued for gas or electrical purposes

Section 57B. Any city or town having a municipal light plant shall appropriate any income from the investment or deposit of proceeds of bonds or notes of said plant issued under or subject to the provisions of chapter forty-four solely for the purposes of said municipal lighting plant.