SECTION 1. Section 6 of chapter 40R of the General Laws, as appearing in the 2020 Official Edition, is hereby amended by striking the word “shall” the first and fourth time it appears, and inserting in place thereof the following word:- may
SECTION 2. Section 9 of chapter 40R, as so appearing, is hereby amended by striking, in line 10, the figure “$10,000” and inserting in place thereof the following new figure:- $20,000
SECTION 3. Said section 9 of said chapter 40R, as so appearing, is hereby further amended by striking, in line 11, the figure “$75,000” and inserting in place thereof the following new figure:- $150,000
SECTION 4. Said section 9 of said chapter 40R, as so appearing, is hereby further amended by striking, in line 12, the figure “$200,000” and inserting in place thereof the following new figure:- $400,000
SECTION 5. Said section 9 of said chapter 40R, as so appearing, is hereby further amended by striking, in line 13, the figure “$350,000” and inserting in place thereof the following new figure:- $700,000
SECTION 6. Said section 9 of said chapter 40R, as so appearing, is hereby further amended by striking, in line 14, the figure “$600,000” and inserting in place thereof the following new figure:- $1,200,000
SECTION 7. Said section 9 of said chapter 40R, as to appearing, is hereby further amended by inserting at the end thereof the following new paragraph:-
(d) The commonwealth shall pay from the trust fund or other funds from appropriations or other money authorized by the general court a one-time transit-oriented-development bonus payment to each city or town who develops new units within one half of a square mile from any transit stop within said city or town. This payment shall be $3,000 for each housing unit of new construction created within this district. The amount due shall be paid on a unit-by-unit basis in accordance with department regulations, upon submission by a city or town of proof of issuance of a building permit for a particular housing unit or units within the district.
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