Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. Section 3 of chapter 15 of the acts of 1995 is hereby amended by striking out the second sentence and inserting in place thereof the following sentence:- The amount appropriated to the stabilization fund at the nineteen hundred and ninety-four annual town meeting from the proceeds of the sale by the town of its community antenna television system, any balance of such proceeds remaining unappropriated after dissolution of the nineteen hundred and ninety-four annual town meeting and other funds authorized pursuant to section five or donated pursuant to section five A shall be deposited in said Belmont Capital Endowment Fund as hereinafter provided.
SECTION 2. Said chapter 15 is hereby further amended by inserting after section 5 the following section:-
Section 5A. Upon the recommendation of the selectmen and approval of the town meeting, the town of Belmont is hereby authorized to design and print on its municipal tax bills or motor vehicle excise tax bills, or on a separate form to be mailed with such bills, an option whereby a taxpayer may indicate a donation and pledge an amount not less than one dollar or such other designated amount which shall increase the amount otherwise due, and which donated and pledged amount shall be deposited in the Belmont Capital Endowment Fund.
SECTION 3. This act shall take effect upon its passage.