AN ACT AUTHORIZING THE WAREHAM FIRE DISTRICT TO ESTABLISH A BETTERMENT RESERVE FUND.
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Notwithstanding the provisions of section 53 of chapter 44 of the General
Laws or any other general or special law to the contrary, the Wareham Fire
District is hereby authorized to establish a separate fund to be known as the
Betterment Reserve Fund, which shall be kept separate and apart from other
monies of said district by the treasurer of said district. All betterment
payments, apportioned and unapportioned and received by said district shall be
The treasurer may invest such funds in the manner authorized by sections 54
and 55 of said chapter 44.
The principal and interest thereon shall be reserved for appropriation for
the payment of said district's betterment debt. Any excess in said fund may be
transferred to the general fund of said fire district.