Authorizes Lynnfield to transfer funds from the Golf Enterprise Fund to the Recreation Capital Trust Stabilization Fund for synthetic turf projects.
The bill allows the town of Lynnfield to allocate funds from the Golf Enterprise Fund to the Recreation Capital Trust Stabilization Fund. This transfer is intended to finance large and long-term capital projects, specifically for synthetic turf fields, including all related costs. The annual appropriation is capped at $100,000 and must not exceed the funds needed to cover the operating and maintenance costs of the Reedy Meadow and King Rail Golf Courses, including any associated debt service.
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