AN ACT RELATIVE TO THE ROBIN REYES CAPITAL STABILIZATION FUND IN THE TOWN OF DEDHAM
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. (a) Notwithstanding section 53 of chapter 44 of the General Laws or any other general or special law to the contrary, the town of Dedham shall deposit directly and without further appropriation receipts received by the town from the state treasurer in connection with the collection of the local meals tax under section 2 of chapter 64L of the General Laws and the local room occupancy tax under section 3A of chapter 64G of the General Laws to the Robin Reyes Major Capital Facilities Stabilization Fund, established by vote of the town under article 3 of the November 16, 2009 special town meeting in accordance with section 5B of chapter 40 of the General Laws; provided, however, that in fiscal year 2016 only ⅔ of the receipts of the local room occupancy tax shall be so credited and that in fiscal year 2017 only ⅚ of the receipts of the local room occupancy tax shall be so credited, with the remainder of the room occupancy tax in each of the fiscal years to be General Fund revenues as otherwise required by law.
(b) Not later than March 15 and September 15 in each fiscal year, and more frequently as may be requested by the town manager, the finance director shall certify to the board of selectmen, the finance and warrant committee and the town manager the amount available for expenditure in the fund.
(c) The finance director of the town of Dedham, in consultation with the town manager, and following a meeting with the board of selectmen for which at least 1 week’s notice is provided on the official website of the town, may promulgate an appropriate policy to address an accounting or reporting requirement that is necessary to properly implement this act.
(d) Notwithstanding section 5B of chapter 40 of the General Laws, a change shall not be made by the town to limit or expand the purpose for which the fund may be expended except upon a ⅔ vote of town meeting following a positive recommendation from the board of selectmen and finance and warrant committee; provided, however, that the limitation imposed by this section shall not prohibit the town of Dedham, following the positive recommendation of the board of selectmen and finance committee, from voting by a ⅔ vote to dissolve the fund, and after the effective date of such a vote, the receipts described in subsection (a) of this act shall be considered General Fund revenues as required by law.
SECTION 2. This act shall take effect upon its passage.
Approved, August 9, 2016