Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. Notwithstanding section 38H of chapter 59 of the General Laws or any other general or special law to the contrary, the town of Dracut may enter into an agreement for payments in lieu of taxes with Nickel Hill Energy, LLC or its successors or assigns.

SECTION 2. Any such agreement described in section 1 approved by the annual town meeting of the town of Dracut on June 7, 1999 and any actions on or after that date are hereby ratified, validated, and confirmed in all respects and as though this act had been in full effect at the time of the execution of said agreement.

SECTION 3. This act shall take effect upon its passage.