SECTION 1. (a) Notwithstanding section 53 of chapter 44 of the General Laws or any other general or special law to the contrary, there is hereby established in the Town of Dennis a special fund to be known as the Landfill Solar Special Revenue Fund. The town treasurer shall deposit into the fund all revenue generated or collected by the Town in connection with any lease and power purchase agreements for the photovoltaic solar energy facilities located on the closed landfill owned by the Town of Dennis.
(b) The town treasurer may, without further appropriation, expend money from the Landfill Solar Special Revenue Fund to make payments to the Dennis Water District and the Dennis-Yarmouth Regional School District, or any other governmental entity, for their respective shares of revenue of net metering payments received from the electric utility company that the town is obligated to pay pursuant to an applicable intermunicipal agreement. Any revenue remaining in the fund may be appropriated by the town of Dennis for any lawful purpose.
(c) The Landfill Solar Special Revenue Fund shall be maintained by the town treasurer as a separate account, and any interest earned thereon shall be credited to and become part of the separate account.
SECTION 2. This act shall take effect upon its passage.
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