SECTION 1. Chapter 391 of the Acts of 1998, as amended by Chapter 377 of the Acts of 2010, is hereby amended by striking out the figure “13” and inserting in place thereof the following figure:- 10.
SECTION 2. Chapter 178 of the Acts of 1996, as amended by Chapter 377 of the Acts of 2010, is hereby amended by striking out section 2 and inserting in place thereof the following section:-
Section 2. Twenty-four per cent of the excise collected under section 3A of chapter 64G of the General Laws by the town of Provincetown shall be credited to the Tourism Fund established under section 1 without further appropriation.
SECTION 3. Section 3 of Chapter 377 of the Acts of 2010 is hereby amended by striking out section 3 and inserting in place thereof the following section:-
Section 3. Eighteen per cent of the excise collected under section 3A of chapter 64G of the General Laws by the town of Provincetown shall be credited without further appropriation to the special purpose stabilization fund for capital improvements established under section 5B of chapter 40 of the General Laws by the town pursuant to the vote under Article 9 of the April 5, 2010 special town meeting.
SECTION 4: Section 4 of Chapter 377 of the Acts of 2010 is hereby amended by striking out section 4 and inserting in place thereof the following section:-
Section 4. Eighteen per cent of the excise collected under section 3A of chapter 64G of the General Laws by the town of Provincetown shall be credited to the town’s General Fund.
SECTION 5: Thirty per cent of the excise collected under section 3A of chapter 64G of the General Laws by the town of Provincetown shall be credited without further appropriation to any duly established affordable or community housing trust fund within the town of Provincetown, as determined by the Select Board in its discretion before the beginning of each fiscal year.
SECTION 6: One hundred per cent of any community impact fees received under section 3D of chapter 64G of the General Laws by the town of Provincetown shall be credited without further appropriation to any duly established affordable or community housing trust fund within the town of Provincetown, as determined by the Select Board in its discretion before the beginning of each fiscal year.
SECTION 7. This act shall take effect on the first day of the calendar quarter following 30 days after its passage.
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