AN ACT AUTHORIZING THE DEPARTMENT OF ENVIRONMENTAL MANAGEMENT TO AUTHORIZE THE EXPENDITURE OF CERTAIN INTEREST OR OTHER INCOME FOR URBAN HERITAGE STATE PARKS.
Whereas , The deferred operation of this act would tend to defeat its purpose, which is to authorize forthwith the expenditure of certain interest or other income for Urban Heritage State Parks, therefore it is hereby declared to be an emergency law, necessary for the immediate preservation of the public convenience.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Item 2120-9801 of section 2 of chapter 798 of the acts of 1979, as appearing in section 34 of chapter 723 of the acts of 1983, is hereby amended by adding the following words:- ; and provided further, that the department of environmental management may authorize expenditure of interest accumulated or income earned on funds transferred to and on deposit with said municipalities, redevelopment authorities or economic development and industrial corporations pursuant to said agreement.
SECTION 2. Section 2 of chapter 512 of the acts of 1980 is hereby amended by inserting after the word "funds", in line 8, the following words:- , including any interest accumulated or income earned thereon.
SECTION 3. Said section 2 of said chapter 512 is hereby further amended by striking out, in line 19, the word "shall" and inserting in place thereof the following words:- , including any interest accumulated or income earned thereon, shall.
SECTION 4. Said section 2 of said chapter 512 is hereby further amended by inserting after the word "purpose", in line 24, the following words:- , plus interest accumulated or income earned on funds transferred to a municipality, redevelopment authority, and economic development and industrial corporation.