AN ACT DISSOLVING THE WELLESLEY HOUSING DEVELOPMENT CORPORATION
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. Chapter 311 of the acts of 1998 is hereby repealed.
SECTION 2. Notwithstanding section 5 of chapter 311 of the acts of 1998 or any other general or special law to the contrary, all property and funds held by the Wellesley Housing Development Corporation established under said chapter 311 shall be transferred to the Municipal Affordable Housing Trust Fund of the town of Wellesley established pursuant to section 55C of chapter 44 of the General Laws and shall be managed, disposed of or expended in accordance with said section 55C of said chapter 44 and any applicable by-law of the town of Wellesley.
SECTION 3. This act shall take effect upon the posting or publication by the clerk of the town of Wellesley in accordance with section 32 of chapter 40 of the General Laws of an amendment to the general by-laws of the town establishing a Municipal Affordable Housing Trust Fund in the town pursuant to section 55C of chapter 44 of the General Laws.
Approved, September 5, 2025.