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 53 of chapter 44 of the General Laws or any other general or special law to the contrary, there shall be a special fund in the town of Dennis to be known as the Beach Capital Improvements Fund. There shall be deposited into the fund, without further appropriation, a portion of the fees collected from the sale of beach daily parking stickers. Appropriations from the fund shall be made by the town of Dennis only for beach-related capital improvements.
SECTION 2. Two dollars of the fee collected from the sale of a beach daily parking sticker shall be deposited in the Beach Capital Improvements Fund. Thereafter, the board of selectmen of the town of Dennis may, if authorized by by-law, increase or decrease the portion of the beach daily parking sticker fee that shall be deposited into the fund.
SECTION 3. The Beach Capital Improvements Fund shall be maintained by the town treasurer as a separate account, subject to any applicable provisions of chapter 44 of the General Laws and any interest earned thereon shall be credited to and become part of the separate account.
SECTION 4. This act shall take effect upon its passage.