Massachusetts H4137 authorizes Wayland to create a millennium fund for its public library.
Massachusetts H4137 allows the town of Wayland to establish a Millennium Fund for the Wayland Free Public Library. The fund can accept gifts of tangible personal property and funds from various sources, including the federal government, charitable foundations, and private corporations. The Trustees may use these gifts for library purposes without specific appropriation. The Trust Fund Commissioners serve as custodians, maintaining the fund as a separate revenue account and investing it according to state law. The Town Treasurer disburses funds as directed by the Trustees.
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