Amendment ID: S2502-6

Amendment 6

Municipal Finance Flexibility

Mr. Cronin moves that the proposed new text be amended by inserting after section 53J the following section:-

Section 53K. Notwithstanding section 53, any city or town may, upon the approval of the chief executive officer, establish in the treasury a separate revenue account into which shall be deposited the monies received from: (1) a party under a host 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 (2) 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 138, chapter 111, or other municipal permitting or licensing statutes or lawfully authorized ordinances, by-laws, rules, and regulations promulgated by any municipal permit or license approving or granting officer or board when implementing any authority conferred under any law, regulation, ordinance or by-law. Any special account shall be established by the municipal treasurer in the municipal treasury and shall be kept separate and apart from other monies. Monies in any special account shall be expended at the direction of the chief executive officer without further appropriation only for the purposes for which the monies were received.