AN ACT AUTHORIZING THE CITY OF MELROSE TO APPROPRIATE FUNDS FROM THE MOUNT HOOD MEMORIAL PARK AND GOLF COURSE ENTERPRISE FUND TO PAY CERTAIN DEBT SERVICE.
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 chapter 124 of the acts of 1936, section 53F½ of chapter 44 of the General Laws or any other general or special law to the contrary, the city of Melrose, by and through its park commission, may appropriate funds from the Mount Hood Memorial Park and Golf Course Enterprise Fund to pay debt service associated with bonds and notes issued by the city of Melrose to pay costs of acquiring interests in land for open space and recreational purposes and for constructing, reconstructing and equipping outdoor recreational facilities in the city of Melrose. The amounts appropriated from the fund for this purpose shall be in excess of the amounts required to pay the annual costs of operating and maintaining the Mount Hood Memorial Park and Golf Course, including the payment of any debt service associated therewith.
SECTION 2. Notwithstanding any general or special law to the contrary, the city of Melrose may issue bonds for constructing, reconstructing and equipping outdoor recreational facilities for a term of not more than 25 years.SECTION 3. This act shall take effect upon its passage.
Approved, December 16, 2010.