SECTION 1. Notwithstanding sections 42G through 42I, inclusive, of chapter 40 of the general laws, section 42K of said chapter 40 and chapter 80 of the general laws, or any other general or special law or rule or regulation to the contrary, the town of Charlton, through its board of water and sewer commissioners, may assess estimated water assessments for the estimated costs of establishing, developing and constructing a water supply and water distributing system, or components thereof, including any design, engineering, legal, management, accounting/financial planning and administrative costs, whether or not included in a contract for construction of such facilities; provided, that such estimated water assessments shall not exceed 50 per cent of such estimated costs, and the total of such estimated assessments shall be allocated by the same method to be used for the allocation of the actual assessments upon completion of the work, and when the final costs of establishing, developing, and constructing such facilities have been determined, the town may assess and collect actual water assessments, and the provisions of chapter 80 of the general laws relative to the apportionment, division, interest, and collection of assessments shall apply to estimated assessments under this section, but the provisions of said chapter 80 relating to abatements shall not apply to estimated assessments under this section. Revenues from the estimated assessments made under this section shall be dedicated to the payment of the costs of establishing, developing and constructing such facilities, until all such costs and debt service obligations have been paid in full.
SECTION 2. This act shall be applicable to all water projects for which assessments have not yet been made.
SECTION 3. Notwithstanding any general law, special act, rule, regulation or guideline of the department of revenue, retained earnings in a water enterprise fund established by the town of Charlton under section 53F1/2 of chapter 44 of the general laws may be appropriated to reimburse to the General Fund of the town capital costs of the enterprise and administrative costs related to capital projects of the enterprise subsidized by the General Fund and not already
reimbursed for the 10 full, immediately prior, fiscal years.
SECTION 4. This act shall take effect upon its passage.
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