Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. The town of Natick is hereby authorized to borrow from time to time such sums of money as may be necessary, not to exceed an aggregate amount of three million dollars, for the purpose of removing certain residential underground fuel storage tanks and contaminated soil, providing for the lawful disposition of such soil material that can be used for road paving or other suitable purposes, and installation of replacement water mains, and may issue bonds or notes therefor. Each authorized issue shall constitute a separate loan and each such loan shall be payable within twenty years from its date. Indebtedness incurred under this act shall not be included in determining the limit of indebtedness of said town under section ten of chapter forty-four of the General Laws except as provided herein but shall otherwise be subject to the provisions of said chapter forty-four.
SECTION 2. The board of selectmen of the town of Natick may levy betterment assessments upon the owners of the residential properties from which underground fuel storage tanks are removed in accordance with the provisions of chapter eighty of the General Laws for the purpose of paying all or any portion of the costs to be financed under the provisions of section one, notwithstanding any limitation in chapter eighty-three or any other provisions of the General Laws limiting the amount of costs of any particular improvements that may be paid by the board of selectmen on the basis of the allocable cost attributed to each such parcel of residential property.
SECTION 3. This act shall take effect upon its passage.