AN ACT AUTHORIZING THE TOWN OF HOPEDALE TO ALLOW DIRECT DEPOSIT OF RECEIPTS INTO CERTAIN FUNDS.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows:
Notwithstanding any general or special law to the contrary, the town of Hopedale, acting by and through its board of selectmen, may allow the direct deposit, at the discretion of the board, without further appropriation or transfer by town meeting, into the Capital Improvement Stabilization Fund, established by the town meeting on June 23, 2009, of up to 90 per cent of the receipts from the perpetual management and sale of surplus timber harvested from the Parklands; provided, however, that the board of selectmen, in its sole discretion, may allow the direct deposit, without further appropriation or transfer by town meeting, into a new Parklands Care Stabilization Fund, of up to 10 per cent of the receipts from such perpetual management and sale of surplus timber harvested from the Parklands.
Approved, August 29, 2012.