SENATE DOCKET, NO. 2688        FILED ON: 6/18/2018

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2563

The Commonwealth of Massachusetts

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PRESENTED BY:

Michael O. Moore

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to marijuana-related revenue in the town of Millbury.

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PETITION OF:

SENATE DOCKET, NO. 2688        FILED ON: 6/18/2018

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2563

The Commonwealth of Massachusetts

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In the One Hundred and Ninetieth General Court
(2017-2018)

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An Act relative to marijuana-related revenue in the town of Millbury.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. Notwithstanding any general or special law to the contrary, the town manager of the town of Millbury shall deposit into the town’s stabilization funds without appropriation the following receipts: (i) funds received by the town from host community agreements with marijuana establishments and registered marijuana dispensaries, (ii) funds received by the town from local marijuana sales tax payments, and (iii) unrestricted funds received by the town from the commonwealth from marijuana-related taxes or other marijuana-related revenues.

SECTION 2. In each fiscal year, the town manager shall allocate the marijuana receipts described in section 1 among the town’s stabilization funds as follows:

(1)50 per cent, or a lesser amount as determined by the town manager, to the Road Infrastructure Stabilization Fund; and

(2)50 per cent, if the small municipal separate storm sewer systems permit or a successor remains in effect and requires improvements to the town’s storm water system, to the Storm Water Improvements Stabilization Fund;

If there is no allocation into the Road Infrastructure Stabilization Fund or an allocation of less than 50 per cent, then the amount otherwise allocable to the Road Infrastructure Stabilization Fund shall be allocated, in equal amounts, to the Other Post-Employment Benefits Stabilization Fund, the Unfunded Retirement Liability Stabilization Fund and the Capital Projects Stabilization Fund.

If there is no allocation into the Storm Water Improvements Stabilization Fund, then the amount otherwise allocable to the Storm Water Improvements Stabilization Fund shall be allocated, in equal amounts, to the Other Post-Employment Benefits Stabilization Fund, the Unfunded Retirement Liability Stabilization Fund and the Capital Projects Stabilization Fund.

SECTION 3. This act shall take effect upon its passage.