SECTION 1.  (a) Notwithstanding section 17 of chapter 138 of the General Laws, the licensing authority of the town of Greenfield may grant an additional license for the sale of all alcoholic beverages to be drunk on the premises under section 12 of said chapter 138 for an entity to be located at 9-11 Bank Row.  The license shall be subject to all of said chapter 138 except said section 17.  The licensing authority shall not approve the transfer of the license to any other location but it may approve the transfer of the license to a new applicant at the same location if the applicant submits a letter to the licensing authority indicating that the license is in good standing and that all applicable taxes have been paid.

(b) If the license granted under this act is cancelled, revoked or no longer in use, it shall be returned physically, with all of the legal rights, privileges and restrictions pertaining thereto, to the licensing authority and the licensing authority may then grant the license to a new applicant at the same location under the same conditions as specified in this act.              SECTION 2.  This act shall take effect upon its passage.