1983-1988-BY-LAWS (2) - Laserfiche WebLink

Home Browse Search

j. t Article 3 . 7 Reversion of Specific Appropriations to the General Fund i Section 3. 7. 1 Definitions : As used in this Article, the following j words shall have the following meaning : "General Appropriation" - Any appropriation made by Town Meeting which is not a specific appropriation within the meaning of this Article. I! ' ' "Specific Appropriation" - An appropriation made by the Town Meeting which is described within the �! vote making the appropriation as being "specific", and is otherwise a specific appropriation under the f law. i Section 3 . 7 . 2 Reversion of General Appropriations to the General Fund General appropriations made by the Town Meeting shall continue to revert to the general fund at the close of the fiscal year for which they are made, as provided by law. Section 3. 7. 3 Reversion of Specific A ro riations to the General j Fund ppm Unless otherwise provided n a vote of the Town Meeting making a specific appropriation, or unless a specific !I' appropriation has been encumbered by contractural obligations, specific appropriations shall have a normal life (of three 3) Years from the commencement of the fiscal year in which it was approved. At the end of the third fiscal year, any funds remaining in that appropriation shall revert to the general fund. A vote making a speciic appropriation may provide that the appropriation shall revert. to the general fund at the end of any fiscal year . Section 3. 7 .4 The Town may, at any time under a proper article in a warrant, extend the date on which a specific appropriation would otherwise revert to the general fund. Section 3. 7 . 5 The reversion of the balance of the funds in the specific appropriation account shall include any subsequent transfer of funds to the specific account which remain unexpended on the date of the reversion. Section 3. 7. 6 Nothing in this article shall be construed to affect the right of any creditor of the Town, regardless of the reversion of any appropriation to the general fund. (Amended at Annual Town Meeting May 3, 1982 and approved by Attorney General September 7, 1982 ) . Article 3. 8 Central Purchasing,. I Section 3. 8. 1Purchasing Agent The purchasing agent , as so designated by the Board. of Selectmen, may consolidate purchases by elected and appointed town officials of goods and services, if it is, in the opinion of the Board of X Selectmen, administratively and economically feasible to do so. (Amended at Annual Town Meeting May 3, 1982 and approved by Attorney General September 7, 1982) . 17. 2 -