SB3270: City of Oxford; clarify earnings component definition and authorized contributions under municipal reserve and trust fund.
Legislative Summary
An Act To Amend Chapter 938, Local And Private Laws Of 2011, As Last Amended By Chapter 937, Local And Private Laws Of 2021, To Clarify The Earnings Component Definition And Authorized Distributions; To Authorize Certain Expenditures From The Corpus, As Needed, And To Establish Certain Limitations On Earnings Distributions Regarding The City Of Oxford Municipal Reserve And Trust Fund; And For Related Purposes.
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