2006 Massachusetts Code - Chapter 3 — Section 8. Petition by town for authority to borrow outside statutory debt limit.

Section 8. Any petition to the general court, with the accompanying bill, of any town for authority to borrow money outside the statutory limit of indebtedness shall be transmitted by the committee of the general court to which the same may be referred to the director of accounts for information as to the financial condition of the town, and he shall as soon as possible make a report thereon to said committee.