Massachusetts General Laws Part I. Administration of the Government (Ch. 1-182) Ch. 44, § 53K

Notwithstanding section 53, any city or town may, upon the approval of its chief executive officer, establish in the treasury of the city or town a separate revenue account into which shall be deposited the monies received from: (i) a party under a host agreement or other agreement in connection with the costs imposed upon the city or town by the operation or location of the party in the city or town; or (ii) an applicant to meet any condition or obligation required for the approval or issuance of a permit or license, including those issued under section 8C of chapter 40, chapter 40A, chapter 40B, sections 81K to 81GG, inclusive, of chapter 41, chapter 111, chapter 138 or any other municipal permitting or licensing general or special law, ordinance, by-law or rules and regulations promulgated by a municipal permit or license-granting officer or board when implementing any authority conferred under any law, regulation, ordinance or by-law. An account established pursuant to this section shall be established by the treasurer of the city or town in the treasury and shall be kept separate and apart from other monies. Monies in such account shall be expended at the direction of the chief executive officer of the city or town without further appropriation only for the purposes for which the monies were received.