§ 3.01.010. The stabilization fund.

Latest version.

There is hereby created, pursuant to M.G.L. c. 40, § 5B, a stabilization fund. The city treasurer shall be the custodian of such fund. The fund shall be utilized for any lawful purpose, including but not limited to any purpose for which the city may lawfully borrow money. Any appropriation or transfer of funds into or out of this stabilization fund must be approved by a two-thirds vote of the city council.

(C.O.03-564A § 2)

                    
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