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The 189th General Court of the Commonwealth of Massachusetts

AN ACT REGULATING TAX DEFERRAL AGREEMENTS IN THE TOWN OF PRINCETON.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows:

Notwithstanding clause Forty-first A of section 5 of chapter 59 of the General Laws in the town of Princeton, the interest on tax deferral agreements entered into under said clause Forty-first A shall be set annually by the board of selectmen; but it shall not exceed 8 per cent per annum. The board of selectmen shall set the rate on or before July 15 of each year.

Approved June 28, 2006.