SECTION 1.  Paragraph (e) of section nineteen of chapter thirty-four B is hereby amended by adding the following second sentence: “Notwithstanding the provisions of chapter fifty-nine or any general or special law to the contrary, such property, facilities and equipment shall be exempt from taxation.”

SECTION 2.  Paragraph (h) of section nineteen of chapter thirty-four B is hereby amended, by substituting, in the fourth sentence, the word “fifty,” for the word “five.”

SECTION 3.  Paragraph (j) of section nineteen of chapter thirty-four B is hereby amended, by striking said paragraph in its entirety, and by substituting the following:  “An employer as defined in section one of chapter thirty-two shall be required to provide a board member of a regional retirement board under its employ with such leave for service to such board as required by section twenty of chapter thirty two.  During such periods, a board member who is an active member of a contributory retirement system shall receive the regular compensation and creditable service such board member would have received had such board member provided services to the employer.”