Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Notwithstanding section 53E 1/2 of chapter 44 of the General Laws, the town of Nantucket, acting by and through its town meeting, may establish a revolving fund for the sale of fuel at the Nantucket Memorial Airport to be expended without appropriation by the Airport Commission. This fund may exceed the limit described in said section 53E 1/2 of 1 per cent of the amount raised by taxation in the most recent year for which a tax rate has been certified.
SECTION 2. Except as provided in section 1, all other provisions of section 53E 1/2 of chapter 44 of the General Laws shall apply.
SECTION 3. This act shall take effect upon its passage.