The bill titled "An Act relative to the Athol-Royalston Regional School District Financial Stability Fund" proposes amendments to existing legislation concerning the financial management of the Athol-Royalston Regional School District. Specifically, it amends the third sentence of section 2 of chapter 50 of the acts of 2006 by removing the requirement for board approval in certain financial decisions. Additionally, the bill repeals section 5 of the same chapter, which previously established a Supplemental Reserve Fund to Ensure Fiscal Stability.

Furthermore, the bill mandates that any remaining funds in the now-repealed Supplemental Reserve Fund be transferred to the Athol-Royalston Regional School District Financial Stability Fund. These transferred funds will then be governed by the existing laws and regulations applicable to the Financial Stability Fund. The act is set to take effect immediately upon its passage.