Massachusetts § 5C - Districts; reserve funds for extraordinary expenditures; establishment
Full text of Massachusetts Massachusetts General Laws § 5C — Districts; reserve funds for extraordinary expenditures; establishment, with citation guidance and answers to common questions.
§ 5C. Districts; reserve funds for extraordinary expenditures; establishment
Section 5C. To provide for extraordinary or unforeseen expenditures, a district may at an annual or special district meeting appropriate or transfer a sum or sums not exceeding, in the aggregate, five per cent of the receipts from taxes, rates and services of the fiscal year preceding the fiscal year for which the fund, to be known as the reserve fund, is established. No direct drafts against this fund shall be made, but transfers from the fund may from time to time be voted by the prudential committee, if any, otherwise the commissioners; and the district treasurer shall make such transfers accordingly.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 5C
What does Massachusetts General Laws § 5C cover?
Section 5C ("Districts; reserve funds for extraordinary expenditures; establishment") is part of the Massachusetts General Laws, the codified statutory law of Massachusetts. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Massachusetts § 5C?
A common citation format is "Massachusetts General Laws § 5C" (Massachusetts). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Massachusetts law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Massachusetts official source linked on this page or consult a licensed Massachusetts attorney.
How does Massachusetts § 5C apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Massachusetts can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Massachusetts.