TR-88-93 10, 99.0. �3
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EMERGENCY REVENUE LOAN ORDER
EMERGENCY PREAMBLE: An emergency exists in the Town of Agawam because
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the Town lacks sufficient funds to meet its employee payroll and
other expenses on a timely basis and is currently overdrawn on its
demand deposit: accounts with certain financial institutions. The
cash shortfall is temporary in, nature and should be resolved once
anticipated revenues are received. To alleviate the shortfall
' pending receipt of such revenues, it: is necessary for the Town to
borrow in anticipation of revenues.
Whereas the emergency involves the health or safety of the people
of the Town of Agawam.
FURTHER ORDERED: This order shall take effect upon its passage.
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