Amendment #1 to S2298

Floor Amendment

Mr. Speliotis of Danvers moves to amend the bill Mr. Speliotis of Danvers moves to amend Senate, No. 2298 by striking out subsection (c) and inserting in place thereof the following subsection:-

“(c) A city or town that accepts this section may establish a tax title collection revolving fund by: (i) by-law; (ii) ordinance; or (iii) a vote of the legislative body of a city or town taken upon the recommendation of the chief executive officer of a city or town or, in the case of a city with a plan E form of government, the recommendation of the mayor or city manager. The establishment of such a fund shall be made not later than the beginning of the fiscal year in which the fund shall begin.”;

and by adding the following subsection:-

“(f) This section shall take effect in any municipality that accepts it by vote of the legislative body, subject to the charter of the municipality; provided, however, at any time after the expiration of 3 years from the date on which a municipality accepts this section, the municipality may revoke its acceptance in the same manner required for acceptance.”.