SECTION 1. Notwithstanding any general or special law to the contrary, there is hereby established in the town of Acton a dedicated account to be known as the Town of Acton Energy Efficiency Fund to provide funds for energy savings in town-owned facilities or on town-¬owned property, or for other energy efficiency, energy conservation, or renewable energy projects or activities of the town.
SECTION 2. The town of Acton may from time to time appropriate and transfer funds into said account by majority vote of Acton town meeting for the purpose of providing funds for said energy efficiency, energy conservation, or renewable energy projects or activities of the town. Funds may also be deposited into said account, with the approval of a majority of the Acton board of selectmen, from gifts, grants and donations received from public or private sources, federal and state funding programs, revenues from energy efficiency incentive payments, power purchase agreements, renewable energy leases, and similar sources, and any other source authorized by law. Expenditures from said account may be made with the approval of a majority of the Acton board of selectmen without further appropriation.
SECTION 3. The Acton town manager, with approval of a majority of the Acton board of selectmen, may apply for public or private grants, incentives, or subsidies for energy efficiency, energy conservation, or renewable energy projects or activities, using any unencumbered balance of such dedicated account as necessary matching funds for such grants, incentives, or subsidies.
SECTION 4. The Town of Acton Energy Efficiency Fund shall be maintained by the town treasurer as a separate account, and any interest accrued shall be credited to and become part of the fund. Any funds remaining in the account at the end of each fiscal year shall remain in such account to be used for the purposes provided for in this act. The town treasurer shall annually provide a report to the Acton board of selectmen on monies deposited into and expended from said account.
SECTION 5. The town of Acton may, by a two-thirds vote of its town meeting, dissolve the account and, after paying any sums due there from, transfer the remaining unencumbered balance of such account to the town’s general fund.
SECTION 6. This act shall take effect upon its passage.
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
