SECTION 1. (a) As used in this act, the following words shall have the following meanings unless the context clearly requires otherwise:

“District”, the Old Rochester Regional School District, duly organized pursuant to Chapter 71 of the General Laws.

“School”, the Old Rochester Regional Junior High School, the Old Rochester Regional High School, and any other real property owned and operated by the District.

“Power Purchase Agreement”, agreement with a renewable energy developer whereby an energy generating facility is constructed on property owned by the District, the electric energy produced by the facility is sold to the District, and the value of the lease has been included in setting the price of electricity to be paid by the District under the agreement.

(b) Notwithstanding any general or special law to the contrary, the District may lease, license, grant easements or enter into other agreements for a term, including any extensions, not to exceed 30 years for certain lands and any buildings and other appurtenances thereon located at the School in the Town of Mattapoisett for renewable energy projects or solar power generation. The location and boundaries of any of the parcels to be leased, with the exception of building rooftops, shall be determined by the District based upon a survey by a certified engineer.

(c) Any lease, license, easement or other agreement executed pursuant to this section shall be on terms, conditions and consideration acceptable to the District.

SECTION 2. Except in circumstances where the lease, license, easement or other agreement is part of a Purchase Power Agreement:

(a) at the option of the District, the lessee shall be responsible for and shall maintain an escrow fund for all costs and expenses related to the negotiation and implementation of such lease, license, easement or other agreement, including, but not limited to, costs associated with any engineering, surveys, appraisals and lease preparation as such costs may be determined by the District; 

(b) the District may establish a receipts reserved for appropriation account for any revenue generated from such lease, license, easement or other agreement. The account shall be used for the general appropriations of the District;

(c) annually, a report shall be filed with the school committee detailing the finances of the receipts reserved account. The annual report shall include: (i) the current balance in the fund; (ii) any money deposited into the fund; and (iii) expenditures from the fund. The school committee shall accept the report of the fund; and

(d) all financial records of the lessee relating to the operation of the solar generation unit including, but not limited to, net metering data shall be made available for inspection by the offices of the state auditor, the attorney general, and the inspector general upon request.