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 Provincetown is hereby authorized to establish a Tourism Fund to receive revenue under section three A of chapter sixty-four G of the General Laws, in the manner set forth in section two, and may appropriate monies in said fund to market, beautify, and enhance tourism in, said town.
SECTION 2. Twenty-five percent of the excise collected under section three A of chapter sixty-four G of the General Laws by the town of Provincetown for fiscal year nineteen hundred and ninety-seven shall be credited to the Tourism Fund, thirty-five percent of said excise collected for fiscal year nineteen hundred and ninety-eight shall be credited to said fund and forty-five percent of the excise collected shall be credited to said fund in each succeeding fiscal year.
SECTION 3. This act shall take effect upon its passage.