950 CMR, § 60.04
Current through Register 1531, September 27, 2024
The Secretary of the Commonwealth shall provide, subject to appropriation, a loan to eligible municipalities to replace voting equipment, provided that such loans shall be repaid, together with a reasonable rate of interest, not later than ten years after the loan is made, and further, that said method of repayment shall be through a deduction on a recipient municipality's cherry sheet. Loan repayments shall begin in the second quarter of the fiscal year in which the loan is made, or if the loan is made in the third or fourth quarter of a fiscal year, the second quarter of the next fiscal year.
950 CMR, § 60.04