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.
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