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