AN ACT REGULATING OPEN SPACE PRESERVATION FUNDS IN THE TOWN OF HOPKINTON.
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. Section 11 of chapter 19 of the acts of 1999 is hereby amended by striking out clauses (a), (b) and (c) and inserting in place thereof the following clause:- All monies received by the town as a result of violations of the open space and landscape preservation development by-law of the town.
SECTION 2. Said chapter 19 is hereby further amended by inserting after section 11 the following section:-
Section 11A. All monies received by the town of Hopkinton through the following means shall be paid over and deposited in the stabilization fund of the town:
(a) Rollback taxes for the sale of land which has been classified under chapter 61, 61A or 61B of the General Laws.
(b) All monies received from the sale of foreclosed tax titles under section 77B of chapter 60 of the General Laws, the assignment of tax titles under section 52 of said chapter and from the sale of land of low value under sections 79 to 80B, inclusive, of said chapter 60, including monies received from the sale of these properties where the procedures for disposition are modified under this act.