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 53 of chapter 44 of the General Laws or any other general or special law to the contrary, the town of Stoneham may establish a special fund to provide funding for the collection and disposal of trash, recycling and other items collected or received by the town and other costs related thereto.
Funds and receipts received by the town from trash and recycling fees, together with such funds as may be appropriated by town meeting or otherwise received by the town for these purposes, by grant, subsidy or donation, shall be placed in the special fund. Interest earned on any fund balance shall also be placed in the fund. The fund shall be maintained by the town treasurer as a separate account. Any balance remaining at the end of a fiscal year shall carry over to the next fiscal year and thereafter if not then expended for the purposes of this act. Proceeds from the special fund shall be used at the determination of the board of selectmen along with the town administrator, pursuant to this act, without further appropriation. Expenditures shall not be made or liabilities incurred from the fund in excess of the balance of the fund. The primary purpose of the excess funds shall be to reduce the trash fee in the ensuing fiscal year.
SECTION 2. This act shall take effect upon its passage.
Approved, May 14, 2014.