SECTION 1. Chapter 106 of the acts of 2006 is hereby amended by striking out section 1 and inserting in place thereof the following section:-
Section 1. Notwithstanding any general or special law to the contrary, the town of Stoughton may establish and maintain in the town treasury a special fund to be known as the Massachusetts Water Resource Authority Capital Infrastructure Fund into which shall be deposited all receipts from those entities that maintain a tax increment financing agreement with the town which specified that the entity will contribute all or part of its exempt property tax to this fund. The board of selectmen, as water commissioners, may, without further appropriation, annually transfer from this fund to the Water Enterprise Fund an amount to defray the cost of debt service in the Water Enterprise Fund or to make capital purchases for the Water Enterprise Fund. This annual transfer shall be limited to the available balance in the fund.
SECTION 2. This act shall take effect upon its passage.
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