Proceeds from Rental of Municipal Real Estate
rental renting leased leasing out surplus extra spare space unused school buildings unused municipal buildings surplus property surplus space municipal property schools in use approval department of elementary and secondary education (DESE) leasehold interest receipts rents payments deposited go deposits into revolving funds dedicated for applied maintenance upkeep cleaning costs maintaining premises segregated separately accounting accounted
40:3 71:71e 44:53e 1/2 acts 2016 218:19
This Informational Guideline Release (IGR) explains changes made by the Municipal Modernization Act that allows cities and towns to establish revolving funds for monies derived from the leasing or rental of a municipal building or property not under the control of the school committee. Rental or lease payments for surplus school buildings or space within schools in use are already deposited into a revolving fund for maintenance of the leased premises. Supersedes IGR 1991-201 and Inconsistent Prior Written Statements.
In effect. Supersedes IGR 1991-201 and Inconsistent Prior Written Statements.