AN ACT AUTHORIZING THE TOWN OF DARTMOUTH TO BORROW MONEY TO FUND CERTAIN PAYMENTS.
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. The town of Dartmouth may borrow up to $850,000 for legally obligated medical expenses incurred from November 2005 through September 2006 for its public safety personnel and may issue bonds and notes for this amount, payable up to a maximum of 20 years from their date. The town may also issue temporary loans in anticipation of this borrowing under section 17 of chapter 44 of the General Laws. Bonds and notes may be issued under this act by the town treasurer with the approval of the select board, and the proceeds may be expended without further authorization or appropriation by the town. Indebtedness incurred under this act shall not be included in determining the limit of indebtedness of the town under section 10 of said chapter 44 but, except as provided in this act, shall otherwise be subject to said chapter 44.
SECTION 2. This act shall take effect upon its passage.
Approved July 19, 2006.