Bill

Bill > H4020


MA H4020

MA H4020
Creating a cell tower receipts fund for the town of North Reading


summary

Introduced
07/26/2021
In Committee
09/23/2021
Crossed Over
01/06/2022
Passed
01/10/2022
Dead
Signed/Enacted/Adopted
01/14/2022

Introduced Session

192nd General Court

Bill Summary

That the town of North Reading be authorized to create a cell tower receipts fund in said town. Municipalities and Regional Government. [Local Approval Received.]

AI Summary

This bill authorizes the town of North Reading to create a special account to hold the revenues generated from leasing space on town water towers and at the Department of Public Works (DPW) facility to cell tower companies. The funds in this special account can be spent subject to appropriation by a majority vote of the town meeting. The town treasurer can also invest the money in the special account, and any interest or income earned will benefit the account. If the town is holding any unappropriated lease payments received before the effective date of this act, the treasurer can deposit and manage those funds in the special account as well.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Signed by the Governor, Chapter 1 of the Acts of 2022 (on 01/14/2022)

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