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.