An Act authorizing the town of Lynnfield to appropriate funds from the Golf Enterprise Fund to the Recreation Capital Trust Stabilization Fund
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill allows the town of Lynnfield to transfer money from the Golf Enterprise Fund to the Recreation Capital Trust Stabilization Fund. The town intends to use these funds to finance larger, long-term capital projects within Lynnfield. This action was approved by the town of Lynnfield.
Key provisions
- Authorizes Lynnfield to transfer funds.
- Specifies the source of funds: Golf Enterprise Fund.
- Designates the destination of funds: Recreation Capital Trust Stabilization Fund.
- Funds are intended for large, long-term capital projects.
- Local approval for the transfer was obtained.
Who is affected
- Town of Lynnfield
- Residents of Lynnfield
- Recreation Capital Trust Stabilization Fund
Notable changes
- Establishes a mechanism for dedicating funds to capital projects.
- Creates a new source of funding for the Recreation Capital Trust.
Bill text
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Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
Bradley H. Jones Jr.
Cosponsors
Bradley H. Jones Jr.
Arguments
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