AN ACT RELATIVE TO THE PROCEEDS OF CERTAIN BONDS IN THE TOWN OF BREWSTER.
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 section seven D of
chapter seventy-nine and chapter two hundred A of the General Laws or any
other general or special law to the contrary, the town treasurer of the town of
Brewster may retain such funds as have been deposited or invested on behalf of
any person or persons entitled to damages awarded under section six of said
chapter seventy-nine, but where the name or names of such person or persons
could not be determined after reasonable investigation, and shall not be
required to transfer said funds to the treasurer of the commonwealth. The
board of selectmen in the town of Brewster may, by majority vote of the board,
authorize the town treasurer of the town of Brewster to expend said funds, in
whole or in part, for the purpose of compensating a person or persons for
damages awarded under said section six of said chapter seventy-nine. For the
purposes of this act, the term "funds" shall be deemed to include only those
funds deposited or invested pursuant to said section seven D of said chapter
seventy-nine which were first deposited or invested prior to January first,
nineteen hundred and ninety-two. Any said funds which have not been expended
pursuant to the provisions of this act prior to January first, nineteen hundred
and ninety-seven shall be transferred to the treasurer of the commonwealth
pursuant to the provisions of said chapter two hundred A.
SECTION 2. This act shall take effect upon its passage.