Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

Notwithstanding the provisions of section 53 of chapter 44 of the General Laws or any other general or special law to the contrary, the town of Monson may establish a separate fund to be known as the Open Space and Recreation Land Acquisition Account, which shall be kept separate and apart of all other monies of said town by the town treasurer, and in which shall be deposited all payments received from the sale of timber harvested on town-owned property by the town. The treasurer may invest such funds in the manner authorized by sections 54 and 55 of said chapter 44. The principal and interest thereon shall be reserved for appropriation for the acquisition of open space and recreation land.