Massachusetts Statutes
§ 5A — Cities; reserve funds for extraordinary expenditures; establishment
Massachusetts § 5A
JurisdictionMassachusetts
Part IADMINISTRATION OF THE GOVERNMENT
Title VIICITIES, TOWNS AND DISTRICTS
Ch. 40POWERS AND DUTIES OF CITIES AND TOWNS
This text of Massachusetts § 5A (Cities; reserve funds for extraordinary expenditures; establishment) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Mass. Gen. Laws ch. 40, § 5A (2026).
Text
Section 5A. To provide for extraordinary or unforeseen expenditures, a city may, prior to the date when the tax rate for a fiscal year is fixed, include in the appropriations for such fiscal year as a reserve fund a sum not exceeding 5 per cent of the tax levy for the fiscal year next preceding such fiscal year. No direct drafts against this fund shall be made, but transfers from the fund may from time to time be voted by the city council upon recommendation of the mayor, and the city auditor or officer having similar duties shall make such transfers as are so voted.
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Bluebook (online)
Massachusetts § 5A, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/40/5A.