SENATE, No. 2239

SECTION 1. The Wachusetts Regional School District is hereby authorized to borrow from time to time such sums of money as may be necessary, not to exceed an aggregate amount of 2 million dollars, for the purpose of paying the costs for environmental remediation and cleanup of the oil contamination of district property which resulted from the release of oil from an underground storage tank on the district’s property, including ongoing operating, assessment and remediation efforts as required by the Department of Environmental Protection or otherwise, and may issue bonds or notes therefor.  Each authorized issue shall constitute a separate loan and each such loan shall be payable within twenty years from its date.  Notwithstanding any general or special law to the contrary, any borrowing pursuant to this act shall be authorized by a majority vote of the regional district school committee without any further action by the member towns or voters thereof and, without limiting the generality of the above, shall not be subject to the provisions of chapter 71 of the general laws or the district agreement requiring approval of a borrowing authorization of the district by the registered voters of the member towns.  The principal of and interest on any borrowing incurred pursuant to this act shall be apportioned among the member towns pursuant to the provisions of section 15.5 of the district agreement.  The proceeds of any borrowing incurred pursuant to this act may be used by the district to reimburse funds of the district expended, prior to the effective date of this act and prior to any vote of the regional district school committee authorizing a borrowing pursuant to this act as provided above, for the costs described above.

SECTION 2.   This act shall take effect upon its passage.