Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. There is hereby established the Nantucket Regional Transit Authority. The territory of the town of Nantucket and the inhabitants of said town shall constitute said Authority and shall be a body politic and corporate and a political subdivision of the commonwealth.
SECTION 2. There is hereby established an advisory board to said Authority consisting of the five members of the board of selectmen of said town.
Said Authority shall have the power to provide funding for Nantucket's elderly van services in view of the need to replace and expand existing equipment and services, and in view of cutbacks in traditional funding sources; to improve parking opportunities for downtown employees by making physical improvements to existing satellite parking lots and by acquiring and improving additional sites; and to fund and conduct a professionally prepared island-wide transportation study to address the problems of traffic congestion, parking, elderly transportation services, and transit.
Said Authority shall have all the powers granted to a "Transit Authority" under the provisions of chapter one hundred and sixty-one B of the General Laws.
All the provisions of said chapter one hundred and sixty-one B, not inconsistent with the provisions of this act, shall be applicable to the Nantucket Regional Transit Authority.