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RECREATION COMMISSION REVOLVING FUND
VOTED:         that the Town, acting under the provisions of Article II of the Amendments to the Constitution of the  Commonwealth of  Massachusetts , commonly called the Home Rule Amendment, adopt the following bylaw regarding a Recreation Commission revolving fund in the Town of   Concord  .  

Section 1.  

The Town of   Concord  hereby establishes in the Town Treasury an individual revolving fund (hereinafter called “Recreation Fund”) for its Recreation Commission (hereinafter called “Commission”).  All receipts of the commission from wholly or partially self-supporting recreation and park services of the Town shall be credited to the Recreation Fund.  The Recreation Fund shall be kept separate from any other monies or funds of the Town, and shall be expended only for those purposes outlined below.  

Section 2.  

The money in the Recreation Fund will be used solely for the maintenance and support of recreation and park facilities and services of the Town, including purchase of equipment and salaries of employees.  

Section 3.  

Expenditure of money from the Recreation Fund may be made by the Town Manager without further appropriations.  The Town Accountant shall submit annually a report of the Recreation Fund to the Selectmen, the Finance Committee, and the Recreation Commission.  

Section 4.  

Nothing in this bylaw shall prevent the Town from appropriating funds for purposes of public recreation or entertainment as now or hereafter authorized by law.  Nothing in this bylaw shall prevent the Town from accepting gifts or grants of money or property for purposes of public recreation or entertainment.  

Section 5.  

This bylaw shall take effect upon its acceptance by a majority vote of the qualified voters of the Town present and voting thereon at the annual Town Meeting or any special Town Meeting called for the purpose.  The receipts of the department for the year in which this bylaw is accepted will be retained by the department and will constitute the working capital to establish the fund.  This bylaw supersedes any bylaw which is in conflict with it.  

Article 3, Town Meeting, June 1979  

(see also M.G.L. Chapter 44, §53D)  





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