By Mr. Augustus, a petition (accompanied by bill,
Senate, No. 2263) of Edward M. Augustus, Jr. and Paul K.
Frost (by vote of the town) for legislation to authorize
the town of Auburn to establish an Auburn High School
gymnasium health and recreation trust fund. Municipalities
and Regional Government. {Local approval received.}
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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. Not withstanding the provisions on any General or Special Law to the contrary, the Town of Auburn is hereby authorized to establish and maintain a special account known as the Auburn High School Gymnasium Health and Recreation Trust Fund, and to raise and appropriate money therefrom.
Section 2. Such fund shall be maintained by the Town as a separate account. The Treasurer may invest the funds in such separate account in the manner authorized by Sections Fifty-Five and Fifty-Five A of Chapter 44 of the General Laws. Any interest earned thereon shall be credited to and become part of such separate account.
Section 3. The Town shall appropriate by majority vote at the Annual Town Meeting all interest earned by said fund solely for the purpose of offsetting school department costs in support of community health and recreational activities at Auburn High School Gymnasium and related recreational facilities and equipment.
Section 4. This act shall take effect upon passage.
