AN ACT AUTHORIZING THE TOWN OF HINSDALE TO ESTABLISH A SEWER 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 section 53 of chapter 44 of the General Laws or any other general or special law to the
contrary, the town of Hinsdale may establish a separate
fund to be known as the Sewer Betterment Reserve Fund. The town treasurer
shall keep the Fund
separate and apart from all other monies of the town
and shall deposit in it all sewer betterment payments received by the
town. The town 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 the town's sewer
This act shall take effect upon its passage.