SECTION 1. Section 61 of chapter 46 of the acts of 2013 is hereby amended by striking out subsection (d) and inserting in place thereof the following subsection:-
(d) Fares shall not be increased more than once in a 24-month period. No fare shall be increased greater than 7 per cent during a 24-month period. For the purposes of this section, “fare” shall mean an amount paid by a user including, but not limited to, the cost of any single-ride price for a mode, the cost of a pass and any discount from the cost of a single-ride price or the cost of pass, regardless of fare payment type, product or media.
SECTION 2. This act shall take effect as of January 1, 2017.
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