AN ACT AUTHORIZING A CERTAIN TRANSFER OF FUNDS IN THE TOWN OF KINGSTON.
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 53F½ of chapter 44 of the General Laws or any general or special law or state regulation to the contrary, the town of Kingston may transfer a sum of money from the Waste Water Enterprise Fund to the town’s general fund to reimburse the general fund for the substantial contribution made by the town to the costs of establishing the waste water enterprise and the town shall apply such sum of money for the fiscal year 2009 operating budget with no further action by the town. The authority granted herein recognizes that a transfer of funds from the subject enterprise fund will not harm the enterprise, that the town is facing significant fiscal constraints and would otherwise be required to limit operations or reduce the level of services provided and that the Kingston town meeting has determined that the transfer contemplated herein is in the best interests of the town.
SECTION 2. Any action taken by the town of Kingston at the April 5, 2008 annual town meeting to transfer surplus revenue from the Waste Water Enterprise Fund and to appropriate such funds for the fiscal year 2009 operating budget of the town and all actions taken pursuant thereto and in reliance thereon, are hereby ratified, validated and confirmed as though such transfer had occurred after the effective date of this act.
SECTION 3. This act shall take effect upon its passage.