Budget Amendment ID: FY2020-S3-701

ECO 701

PACE Program

Ms. DiZoglio, Messrs. Lesser, deMacedo, Timilty and O'Connor moved that the proposed new text be amended by inserting after Section XX the following sections:                                          

SECTION XX. Section 3(a)(1) of chapter 23M of the General Laws, as inserted by Chapter 188 of the Acts of 2016, is hereby amended by inserting in the third line thereof, after the word “entity,”, “and to establish and administer a third-party financing program”.

SECTION XX. Section 3(g) of chapter 23M of the General Laws, as inserted by Chapter 188 of the Acts of 2016, is hereby amended by striking from the third sentence thereof the words “and remedies”.

SECTION XX. Section 3(g) of chapter 23M of the General Laws, as inserted by Chapter 188 of the Acts of 2016, is hereby further amended by inserting the following after the fifth sentence of such section:

“In the event a lien for property taxes of the municipality is foreclosed, the betterment assessment lien shall be extinguished solely with regard to any installments that were due and owing on the date of foreclosure of such tax lien, and the betterment assessment lien shall otherwise survive such foreclosure.”

SECTION XX. Section 3(g) of chapter 23M of the General Laws, as inserted by Chapter 188 of the Acts of 2016, is hereby further amended by striking the words “judgment of” appearing in the seventh sentence thereof.

SECTION XX. Section 3(g) of chapter 23M of the General Laws, as inserted by Chapter 188 of the Acts of 2016, is hereby further amended by striking the words “such judgment” appearing at the end of the seventh sentence thereof and inserting in place thereof “such foreclosure”.

SECTION XX. Section 3(h) of chapter 23M of the General Laws, as inserted by Chapter 188 of the Acts of 2016, is hereby amended by striking the remainder of the fifth sentence thereof after the word “foreclosure” and inserting in place thereof “in a manner consistent with the rights afforded a mortgagee under the provisions of section 21 of chapter 183, and an action of contract or any other appropriate action, suit or proceeding.”