Massachusetts General Laws ch. 10 sec. 35FFF – Nickerson State Park Trust Fund
Section 35FFF. (a) There shall be a Nickerson State Park Trust Fund to be used, without further appropriation, for the long-term preservation and maintenance of Nickerson state park in the town of Brewster. Any balance remaining in the fund at the close of a fiscal year shall not revert to the General Fund but shall remain available for expenditure in subsequent fiscal years. No expenditure made from the fund shall cause the fund to become deficient at any point during a fiscal year.
Terms Used In Massachusetts General Laws ch. 10 sec. 35FFF
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(b) The department of conservation and recreation shall impose a surcharge of $5 upon each fee charged and collected for admission to camping in Nickerson state park for out-of-state residents. The additional money collected from the surcharge shall be deposited into the Nickerson State Park Trust Fund.
(c) An annual report, which shall include projects undertaken, expenditures made and income received by the fund, shall be submitted to the clerks of the senate and house of representatives and to the house and senate committees on ways and means not later than December 31.