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 to the contrary, the county of Dukes County may annually authorize the use of a fund by the airport commission of said county which shall be accounted for separately from all other monies in such county and to which shall be credited monies as provided in this section. Expenditures may be made from such fund, without further appropriation, at the direction of said airport commission; provided, however, that expenditures shall not be made, nor liabilities incurred, from any such fund in excess of the balance of the fund nor in excess of the total authorized expenditures from such fund; and, provided further, that expenditures shall not be made from such fund for the purpose of paying any wages or salaries for full time employees.
Interest or net income earned on such fund shall be treated as general revenue of the county. The limit of such fund shall not exceed twenty-five percent of the amount raised by taxation, fees or assessments by the county in the most recent fiscal year.
The county commissioners, upon the request of the airport commission may, annually, prior to each fiscal year, vote to establish such fund. The county commissioners shall specify the purposes for which such fund may be expended, the monies to be credited to such fund and a limit on the total amount which may be expended from such fund during the fiscal year.
The airport commission shall, at the end of each fiscal year, file a report with the county commissioner detailing the receipts and expenditures of such fund.
At the end of a fiscal year in which such fund is not reauthorized for the following fiscal year or in which the county commissioners change the purposes for which money in such fund may be spent in the following fiscal year, the balance in such fund at the end of such fiscal year shall revert to the general fund of the county as surplus revenue.
SECTION 2. Notwithstanding the provisions of section one and prior to the establishment of the fund in section one for fiscal year nineteen hundred and ninety-three, the county treasurer shall certify to the county commissioners that the estimated revenue of such proposed fund has not been used as an enterprise revenue within the county's fiscal year nineteen hundred and ninety-three appropriations.
SECTION 3. Notwithstanding the provisions of any general or special law to the contrary, the county of Dukes County may, by majority vote of the county commissioners, incur debt by temporary loans for the construction of certain sewage treatment facilities and water connections in anticipation of reimbursement from the commonwealth, such reimbursement having first been agreed upon by the Massachusetts aeronautical commission, under contract SC2MVYH20 terminating June thirtieth, nineteen hundred and ninety-three, and may issue notes therefor for a period not to exceed two years from their date of issuance. The aggregate amount of such notes shall not exceed an amount reasonably required, which amount shall be approved by the director of the bureau of accounts in the division of local services in the department of revenue and shown on an estimated cash flow statement prepared on a form approved by the director. The director may require the submission of such other information as he deems appropriate.
SECTION 4. This act shall take effect upon its passage.