Further Amendment #1.1 to H4824

Speliotis Further Amendment

Mr. Speliotis of Danvers moves to further amend amendment #1 by striking out the text of said amendment and inserting in place thereof the following:

“Chapter 65 of the acts of 2010 is hereby amended by inserting after section 2 the following section:-

Section 2A. Notwithstanding any general or special law to the contrary, the leases or other agreements executed under section 1 shall not require an annual rental payment increase of more than 3 per cent of the established rental or permit payment rate for each lease or other agreement as of January 1, 2015. This section shall not apply to any lease or other agreement executed by a club associated with an institution of higher education.”.