AN ACT RELATIVE TO TIME SHARING PROPERTY IN THE TOWN OF NANTUCKET.
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. As used in this act, the terms "time-sharing" and
"time-interval-ownership" shall mean the use, occupancy, or ownership of
real property, which use, occupancy, or ownership circulates among the
owners, users, or lessees thereof in accordance with a fixed or floating
time schedule on a periodically-recurring basis.
SECTION 2. The town of Nantucket is hereby authorized to adopt zoning by-laws to
regulate the time-sharing and time-interval-ownership of real property.
Such bylaws may be enacted at any time subsequent to December thirty-first,
nineteen hundred and eighty-seven. No such bylaw shall effect any
time-share or time-interval-unit which was issued a certificate of
occupancy on or before December thirty-first, nineteen hundred and eighty-seven.
SECTION 3. This act shall take effect upon its passage.