Bill > S2412

This bill, titled "Repealing the Supplemental Reserve Fund in the city of Pittsfield," proposes to amend Chapter 28 of the Acts of 2001, which deals with revenue for the city. Specifically, the bill aims to repeal Section 6 of that existing law, which established a Supplemental Reserve Fund. The Supplemental Reserve Fund was likely a dedicated account for holding surplus revenue or funds set aside for specific purposes in Pittsfield. By striking this section, the bill effectively eliminates the legal basis for this fund, meaning any money that would have gone into it will now be handled according to other existing laws or city ordinances. The bill also states that it will take effect immediately upon its passage, meaning once it is officially enacted into law. This action has received local approval, indicating that the city of Pittsfield supports this change.