§ 3.03.010. The water and sewer enterprise fund—Stabilization account.

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There is hereby created, pursuant to M.G.L. c. 40, § 5B, a water and sewer enterprise fund—stabilization account. The city treasurer shall be the custodian of such account. The account 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 account must be approved by a two-thirds vote of the city council.

(C.O. 10-320-A, § 1, 11-22-2010)

                    
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