SECTION 1. Chapter 7 of the General Laws is hereby amended by adding the following section:-
Section 63. (a) There shall be established an After School and Out-of-School Time Opportunity Fund. The program shall be administered by the Department of Elementary and Secondary Education. A qualified program eligible for funding is any out-of-school time program that serves school age children and youth and is licensed by the Department of Early Education and Care, or is license-exempt.
(b) The purpose of the fund shall be to support the establishment of and increase access to and the quality of afterschool and out of school time programs. The fund shall consist of all moneys received by the commonwealth equal to 3 percent of the receipts of the sales price of purchases received by all marijuana retailers as provided for in chapter 64N as excises paid to the commissioner of revenue. Such amounts in the fund shall be administered by the Department of Elementary and Secondary Education.
(c) The Department shall promulgate rules and regulations necessary to implement the provisions of this section.
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