Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. Notwithstanding the provisions of section fifty-three of chapter forty-four of the General Laws, or any other general or special law to the contrary, the town of Mashpee may establish in the town treasury a revolving fund which shall be kept separate and apart from all other monies by the treasurer of said town, and in which shall be deposited one hundred per cent of the receipts received from the issuance of all shellfish permits and licenses by said town. The principal and interest thereon shall be reserved for appropriation for the propagation, cultivation, protection and study of shellfish. Such money subject to appropriation may be expended in conjunction with, or as the matching portion of state or federal reimbursement or grants.
SECTION 2. This act shall take effect upon its passage.