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. Notwithstanding section 63 of chapter 44 of the General Laws or any other general or special law to the contrary, the town of Milton may establish a special fund in the town treasury to be called the Milton High School Accreditation Fund, into which shall be deposited the proceeds and any investment earnings thereon of the sale by the town of certain land. The land is on Hillside street in the town of Milton, containing 23.6 acres more or less, shown on the Town of Milton Assessors' Maps as Section K, Block 8, Lot 37, located generally between Mark lane and Ford Ranch road on the northwesterly side of Hillside street, which land is shown on a plan entitled "Plan of Land in Milton, Massachusetts" dated January, 1959, Scale 1 inch = 100 feet, prepared by Alexander E. Manning, Town Engineer, which plan is filed with the Norfolk county registry of deeds as Plan No. 529 of 1959 at Book 3723, Page 408, and described in an Order of Taking dated April 30, 1959 and recorded with the Norfolk registry of deeds at Book 3723, Page 408.
Any income derived from the investment of such special fund shall remain with and become part of the fund. The town treasurer shall be the custodian of the special fund and shall make an accounting of the special fund to each annual town meeting. Any funds held in the special fund shall constitute trust funds within the meaning of section 54 of chapter 44 of the General Laws. All amounts in the special fund shall be applied solely to providing school text books, teaching materials, teaching equipment and school supplies, all for the sole purpose of assisting the town of Milton in its efforts to remove Milton high school from its current probationary status and to maintain its full accredited status, in such amount as any Milton special town meeting or annual town meeting may determine in any year.
All expenditures from the special fund shall be in addition to and shall not supplant any other funds appropriated by the town for the support of the schools in any fiscal year.
SECTION 2. This act shall take effect upon its passage.