AN ACT AUTHORIZING THE TOWN OF MILTON TO ESTABLISH THE MILTON HIGH SCHOOL ACCREDITATION FUND.
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
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,
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.
This act shall take effect upon its passage.