SECTION 1. Chapter 164 of the General Laws is hereby amended by inserting after section 75C, as appearing in the 2012 Official Edition, the following section:-
Section 75C ½. Any natural gas pipeline company shall pay, in addition to any damages paid pursuant to section 7 of chapter 79 upon a taking under section 75C, a royalty of at least 12.5 per cent of the wholesale price of natural gas sold for use in a foreign country. The royalty shall be divided and distributed to all persons owning property in the commonwealth that was taken by the company pursuant to section 75C for the right to convey or remove natural gas based on the proportion of the length of pipelines located on their property.
SECTION 2. This act shall apply to all future takings made on behalf of a natural gas company conveying the right to remove or recover natural gas in the commonwealth. Nothing in this act shall be construed to require the retroactive recalculation or repayment of damages paid pursuant to chapter 79 of the General Laws prior to the effective date of this act.
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