Section 1. Notwithstanding section 53 of chapter 44 of the General Laws or any other general or special law to the contrary, the town of Plymouth may establish an “Environmental Affairs Fund”, which special act shall provide that 50% of the revenues from renewable energy payments-in-lieu-of-taxes agreements be placed in the General Fund and 50% in the Environmental Affairs Fund. Any income derived from the investment or reinvestment of the special fund shall remain with and become part of the special fund. The special fund shall be available for appropriation by town meeting to meet costs related to environmental projects including but not limited to design and engineering, mitigation, land acquisition, water quality assessments, stormwater control improvement, river restoration, or as a local grant match to other state and/or federal related environmental grant opportunities.
Section 2. The town treasurer/collector shall be the custodian of the special fund and shall make an accounting of the special fund to each annual town meeting.
Section 3. This act shall take effect upon its passage.
Section 4. This act shall expire five years after the date of it passage.
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