Massachusetts H5416 authorizes Lynnfield to transfer funds from the Golf Enterprise Fund to the Recreation Capital Trust Stabilization Fund for.
Massachusetts H5416 allows the town of Lynnfield to move up to $100,000 annually from its Golf Enterprise Fund to its Recreation Capital Trust Stabilization Fund. This fund transfer aims to finance significant and long-term capital projects, including improvements and turf replacement for the town's synthetic turf fields. The appropriation must not exceed the amounts needed to cover the annual operating and maintenance costs of the Reedy Meadow and King Rail Golf Courses, including any associated debt service.
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