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 town of South Hadley is hereby authorized to establish a medical self-insurance program for police officers injured in the line of duty. The town meeting may appropriate an amount not exceeding in any one year one-fiftieth of one percent of its equalized valuation as defined in section one of chapter forty-four of the General Laws, to establish and maintain a self-insurance fund to pay all medical expenses, including but not limited to all reasonable hospital, medical and surgical, chiropractic, pharmaceutical, prosthetic and related charges of police officers, who without fault are injured in the performance of their duties; provided, however, that no money shall be appropriated for such purpose while the fund equals or exceeds one-half of one percent of such equalized valuation. Any interest shall be added to and become a part of the fund.
The town treasurer shall be the custodian of the fund, and may deposit the proceeds in such banks or invest the same in such securities as are legal under the laws of the commonwealth. Such fund shall be managed and administered by the board of selectmen, or its designee, in its capacity as police commissioners.
SECTION 2. This act shall take effect upon its passage.