This is not the official budget document.

Budget Summary FY2010

Outside Section 62
Data Current as of:  1/26/2010

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School Building Loans

SECTION 62.   Subsection (d) of section 6 of chapter 70B of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by striking out the first sentence and inserting in place thereof the following sentence:- Any city, town or regional school district which has received, in accordance with subsections (b) and (c), notice of approval and an estimate of the amount of a school facilities grant, may borrow from time to time to finance that portion of the cost of the approved school project not being paid by such grant, in such amount approved by the board of selectmen, mayor or city manager of the city or town, or the regional district school committee of the regional school district, and may issue bonds or notes therefor which shall bear on their face the words ?(name of city, town or regional school district) School Project Loan, chapter 70B.