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| 2 | 2 | | SENATE DOCKET, NO. 2766 FILED ON: 9/26/2023 |
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| 3 | 3 | | SENATE . . . . . . . . . . . . . . No. 2454 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Barry R. Finegold |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act establishing a special purpose revolving fund in the town of North Andover. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | NAME:DISTRICT/ADDRESS :Barry R. FinegoldSecond Essex and MiddlesexBruce E. TarrFirst Essex and MiddlesexTram T. Nguyen18th EssexAdrianne Pusateri Ramos14th Essex 1 of 2 |
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| 16 | 16 | | SENATE DOCKET, NO. 2766 FILED ON: 9/26/2023 |
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| 17 | 17 | | SENATE . . . . . . . . . . . . . . No. 2454 |
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| 18 | 18 | | By Mr. Finegold, a petition (accompanied by bill, Senate, No. 2454) of Barry R. Finegold, Bruce |
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| 19 | 19 | | E. Tarr, Tram T. Nguyen and Adrianne Pusateri Ramos (by vote of the town) for legislation to |
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| 20 | 20 | | establish a special purpose revolving fund in the town of North Andover. Municipalities and |
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| 21 | 21 | | Regional Government. [Local Approval Received.] |
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| 22 | 22 | | The Commonwealth of Massachusetts |
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| 23 | 23 | | _______________ |
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| 24 | 24 | | In the One Hundred and Ninety-Third General Court |
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| 25 | 25 | | (2023-2024) |
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| 26 | 26 | | _______________ |
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| 27 | 27 | | An Act establishing a special purpose revolving fund in the town of North Andover. |
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| 28 | 28 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 29 | 29 | | of the same, as follows: |
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| 30 | 30 | | 1 SECTION 1. Notwithstanding the provisions of section 53E½ of chapter 44 of the |
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| 31 | 31 | | 2General Laws or any other general or special law to the contrary, there shall be in the town of |
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| 32 | 32 | | 3North Andover a special purpose revolving fund into which shall be deposited receipts received |
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| 33 | 33 | | 4from the use and operation of what is commonly known as the Stevens Estate, located at 723 |
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| 34 | 34 | | 5Osgood Street, North Andover, MA, such fund to be known as the Stevens Estate revolving |
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| 35 | 35 | | 6fund. |
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| 36 | 36 | | 7 SECTION 2. The Stevens Estate revolving fund may be expended by the town manager |
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| 37 | 37 | | 8for the maintenance, repair, upkeep and operation of the Stevens Estate, including associated |
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| 38 | 38 | | 9buildings and grounds. |
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| 39 | 39 | | 10 SECTION 3. The limit on the total amount that may be expended from the Stevens Estate |
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| 40 | 40 | | 11revolving fund in any fiscal year shall be determined annually by vote of the Select Board. 2 of 2 |
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| 41 | 41 | | 12 SECTION 4. The Stevens Estate revolving fund, except as otherwise contained herein, |
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| 42 | 42 | | 13shall be considered a revolving fund for the purposes of said section 53E½ of chapter 44. |
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| 43 | 43 | | 14 SECTION 5. This act shall take effect upon its passage. |
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