Section 1. Notwithstanding any general or special law to the contrary, and in order to protect and hold harmless the City of Revere from the operation of a Consolidated Rental Car Facility at Logan International Airport (hereinafter referred to as the “ConRAC facility”), the City of Revere shall be entitled to the funds set forth in Sections 2 and 3 below.
Section 2. For any car rental company or franchise office relocating from Revere to the ConRAC facility which has no existing franchise or rental office at Logan, such car rental company shall impose a surcharge of $10.00, for the sole benefit of the City of Revere, upon each vehicular rental contract occurring at the ConRAC facility. This $10.00 surcharge shall be in lieu of the Boston Convention Center Financing vehicular surcharge imposed by Chapter 152, §9(e) of the Acts of 1997.
Section 3. For any car rental company or franchise office relocating from Revere to the ConRAC facility which has a franchise or facility at Logan, such car rental company shall determine, based upon information from the calendar year immediately preceding the year of the relocation to the ConRAC facility, the percentage of the total combined Revere and Logan vehicular rental transactions that were Revere based, and then shall impose a $10.00 surcharge, for the sole benefit of the City of Revere, on that same percentage of its vehicular rental transactions occurring at the ConRAC facility each year. This $10.00 surcharge for the benefit of Revere shall be in lieu of the Boston Convention Center Financing vehicular surcharge imposed by Chapter 152, §9(e) of the Acts of 1997.
Section 4. The $10.00 surcharge set forth in Sections 2 and 3 above shall be paid to, and administered by, the commissioner of revenue in accordance with Chapter 92, §§2, 3 of the Acts of 2005. All provisions of said Chapter 92, Sections §§2, 3 of the Acts of 2005 shall apply to the surcharges set forth in this legislation. Provided, however that any amounts collected from such surcharges in excess of the amount required to satisfy annual debt service for loan orders incurred by the city for architectural, engineering, geotechnical, and design services and original construction and equipping of the new public safety facility shall be deposited in the Convention Center Fund established pursuant to section 10 of chapter 152 of the acts of 1997, and provided further that the city shall in no event cause to refinance the bonds associated with such loan orders if such refinancing shall result in an extension of the maturity date of such bonds or increase the amount of the annual debt service, and provided further that at the time such bonds are paid or otherwise retired, the authority to collect the surcharge created by chapter 92 of the acts of 2005 shall cease, and all surcharges on vehicular transaction contracts shall be paid, collected and deposited as provided in section 9 and 10 of chapter of the acts of 1997.
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