SECTION 1. Section 5I of chapter 59 of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by striking in lines 6 and 7, the words “not more than ten percent of the value of the parcel;” and inserting in place thereof the following:-
“an amount accepted by the local legislative body, not to exceed twenty percent of the value of the parcel;”.
SECTION 2. Section 5I of said chapter 59, as so appearing, is hereby amended by striking in line 14, the words “one million dollars” and inserting in place thereof the following:-
“an amount accepted by the local legislative body, not to exceed four million dollars”.
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