SECTION 1.

(a). Notwithstanding section 17 of chapter 138 of the General Laws, the licensing authority of the Town of Bridgewater may grant an additional license for the sale of all alcoholic beverages not to be drunk on premises pursuant to section 15 of said chapter 138 to KOTAK LLC, located at the premises known as 223 Broad Street, in the town of Bridgewater and under conditions set by, the licensing authority of the Town of Bridgewater. The license granted under this section shall be subject to all of said chapter 138 except said section 17.

(b) The licensing authority shall restrict the license authorized pursuant to this section to the premises located at 233 Broad Street, Bridgewater, Massachusetts, 02324.

(c) The licensing authority shall not approve the transfer of a license granted pursuant to any other location, but it may grant the license to a new applicant at the same location if the applicant files with the licensing authority a letter from the department of revenue and a letter from the department of unemployment assistance indicating the license in in good standing with those departments and that all applicable taxes, fees and contributions have been paid.

(d) If a licensee terminates or fails to renew the license granted pursuant to this section or any such license is cancelled, revoked, or no longer in use, it shall be returned physically, with all of the legal rights, privileges and restrictions pertaining thereto, to the licensing authority which may, within 3 years of such return, grant the license to a new applicant at the same location and under the same conditions as specified in this section, otherwise such license shall dissolve.

(e) The license granted pursuant to this section shall be issues within 2 years after the effective date of this act; provided, however, that license that is originally granted with that time period may be granted to a new applicant pursuant to subsections (c) and (d) thereafter.

(f) The issuance of the license granted pursuant to this section shall be contingent upon KOTAK LLC turning in their existing license for the sale of wine and malt beverages not to be drunk on premise pursuant to section 15 to the Town of Bridgewater.

SECTION 2. This act shall take effect upon its passage.