[Adopted 4-6-1987 ATM by Art. 26, approved
7-15-1987]
A.
Pursuant to the provisions of Chapter 194 of the Acts
of 1986, the Town hereby establishes a Nantucket Scholarship Fund,
the purpose of which shall be to provide educational financial aid
to deserving Town residents.
B.
The Tax Collector shall designate a place on the Town's
municipal tax bills and motor vehicle excise tax bills whereby a taxpayer
of Nantucket may choose voluntarily to check off, denote and pledge
an amount of not less than $1, which item shall increase the amount
otherwise due.
C.
Such fund shall be under the jurisdiction of the Select
Board; the Town Treasurer shall be the custodian of said fund.
[Amended 6-25-2020 ATM by Art. 70, approved 10-27-2020]
D.
There shall be a Scholarship Committee to select worthy
recipients of the scholarship funds, which Committee shall consist
of the Superintendent of Schools or his designee and seven residents
of the Town of Nantucket appointed thereto for three-year terms by
the Select Board. The Select Board shall appoint a member for the
balance of any unexpired term caused by a vacancy in the same manner
as an original appointment.
[Amended 6-25-2020 ATM by Art. 70, approved 10-27-2020]
