Massachusetts H4293 establishes an Economic Development Special Revenue Fund for Hopkinton using local meals tax receipts.

Massachusetts H4293 creates an Economic Development Special Revenue Fund for the town of Hopkinton, funded by local meals tax receipts. The fund supports economic development projects and activities. The town meeting can appropriate the funds by majority vote and close the fund by a two-thirds vote. Interest on deposits goes to the town's general fund. The fund's closure requires a two-thirds vote, after which unexpended funds transfer to the general fund.

Massachusetts H4293 establishes an Economic Development Special Revenue Fund for Hopkinton using local meals tax receipts.

Massachusetts H4293 creates an Economic Development Special Revenue Fund for the town of Hopkinton, funded by local meals tax receipts. The fund supports economic development projects and activities. The town meeting can appropriate the funds by majority vote and close the fund by a two-thirds vote. Interest on deposits goes to the town's general fund. The fund's closure requires a two-thirds vote, after which unexpended funds transfer to the general fund.