The Town Meeting may make appropriations from
or reservations of community preservation funds in the amount recommended
by the Committee or it may reduce or reject any recommended amount.
It may also vote to reserve all or part of the annual revenues recommended
by the Committee for appropriation for specific acquisitions or initiatives
for later appropriation by allocating funds to the reserve for that
category of expenditures. The Town Meeting may not increase any recommended
appropriation or reservation, and it may not appropriate or reserve
any fund monies on its own initiative without a prior recommendation
by the Committee.
The Committee must maintain records relating
to the use of the Community Preservation Fund (MGL c. 44B, § 13).
These records are subject to disclosure as public records (MGL c.
66, § 10).
A. Recommendations. The Committee shall keep a full and
accurate account of all of its actions, including recommendations
to the Town Meeting and the specific action taken on them.
B. Expenditures. The Committee shall track all appropriations
and expenditures made from the Fund and periodically monitor spending
from the Fund and review the status of its budget.
C. Property interests. The Committee shall maintain an
inventory of all real property interests acquired, disposed of, or
improved by the Town after recommendation of the Committee. The inventory
shall contain, at a minimum, the names and addresses of the grantors
and grantees, the amount of consideration, and all relevant action
dates, and shall reference all documents related to acquisitions,
dispositions, and improvements, such as purchase and sale agreements
and deeds.
This chapter may be amended from time to time
by a majority vote of the Town Meeting, provided that the amendments
would not cause a conflict to occur with MGL c. 44B.
In case any section, paragraph or part of this
chapter be for any reason declared invalid or unconstitutional by
any court of last resort, every other section, paragraph or part shall
continue in full force and effect.