Amendment #1 to H4157

Westborough - Tech amendment

Mr. Dempsey of Haverhill moves to amend the bill amended by inserting after section 2 the following section:

"SECTION 2A. In the event that the town of Westborough sells or leases any portion of the parcels described in section 1, the net proceeds from such sale or lease, as determined by the town and agreed to by the commissioner, shall be allocated between the town of Westborough and the commonwealth in equal shares; provided, however, that the commissioner may agree to reduce the share of the commonwealth’s proceeds to not less than 30 per cent of net proceeds in order to provide certain incentives to the town of Westborough to sell or lease some or all of the parcels described in section 1 expeditiously or to facilitate the development of some or all of the parcels in accordance with smart growth principles promulgated from time to time by the governor and the secretary of energy and environmental affairs.   In the event that the net proceeds as so determined is a negative amount, the commonwealth shall not be required to make any payments to the town of Westborough."; by inserting, after section 5, the following section:

"SECTION 5A. There shall be in the town of Westborough a revolving account called the State Hospital Revolving Fund for the purpose of receiving proceeds from the disposition of the Westborough state hospital property and for funding expenses incidental to the ownership of said property. Notwithstanding the provisions of section 53E½ of chapter 44 of the General Laws, the State Hospital Revolving Fund shall not count towards the 10 per cent aggregate limit of revolving funds, and the town may make expenditures from said fund without regard to the 1 per cent limit established by clause (4) of the third paragraph of said section 53E½ of said chapter 44."; and

in section 6, in line 72, by striking out the figure “5” and inserting in place thereof the following figure:- 5A