AN ACT ESTABLISHING A SPECIAL FUND FOR THE CONSTRUCTION AND REHABILITATION OF SEWERAGE SYSTEMS IN THE TOWN OF SAUGUS.
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. Notwithstanding the provisions of any general or
special law, rule or regulation to the contrary, the town of Saugus is
hereby authorized to establish a special account to be known as the Town of
Saugus Sewerage Rehabilitation Fund. The purpose of such fund is to
provide revenue for the funding of engineering, testing, construction and
rehabilitation of the sewage pipes, lines, facilities and systems located
within the Town of Saugus and to provide revenues to do all things
necessary to correct, remedy, repair, prevent and prohibit any and all
forms of infiltration or inflow from ground water and other sources of
water into pipes, lines, facilities and systems. Such special account
shall be maintained by the treasurer of the Town of Saugus in a banking
institution doing business in the commonwealth, and expenditures from said
special account shall be made subject to appropriation initiated by the
sewer commissioners upon the recommendation of the superintendent of public
works or the town manager and approved by a majority vote of the town meeting.
SECTION 2. Payments to such account shall be made by
applicants for connection to the sewer system of the town who are
constructing, erecting, improving, reusing or rehabilitating land or the
building thereon for industrial, commercial, multi-family and residential
uses. The method and amount of such payments from such private
sources shall be as determined by a schedule of fees to be determined by
the sewer commissioners. Said schedule shall provide for the method of
determining the amount of each payment from such applicants based upon
their anticipated water and sewer use by each and for the particular kind
of development contemplated.
SECTION 3. Appropriation from time to time may be made by the
town of Saugus into said special account for the purpose of providing
additional funds for aforesaid improvements, rehabilitation or repairs of
sewage pipes, lines, facilities and systems.
SECTION 4. The treasurer of the town of Saugus shall be
authorized to invest monies in said special account and the interest
accruing shall inure to the benefit of said special account. Said special
account shall be maintained in accordance with generally accepted
accounting principles and shall be audited annually with the cost of such
audit charged to said special account.
SECTION 5. The superintendent of public works for the town of
Saugus may make applications for available state and federal government
grants for the construction, improvements engineering, rehabilitation and
repair of the sewage pipes, lines, facilities and systems, and to pledge
any and all such sums of money in said account with the approval of the
sewer commissioners and the town meeting for any such matching grants for
the construction, improvements, repair and rehabilitation of said sewage
pipes, lines, facilities and systems.
SECTION 6. The town accountant shall file jointly with the sewer
commissioners, the town manager, the treasurer and with the bureau of
accounts, a written report relative to such special account authorized by
section one. Said report shall be made within one hundred and twenty days
after the books of account are closed for each fiscal year. Such report
shall include a financial statement relating to the operation, maintenance
and expenditures made under the said special account. Said sewer
commissioners may review and comment on said report and may file such
review with the state auditor.
SECTION 7. This act shall take effect upon its passage.