This is not the official budget document.

Budget Summary FY2017

Outside Section 196
Data Current as of:  8/9/2016




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Municipality Reimbursement

SECTION 196.   Notwithstanding any general or special law to the contrary, the department of energy resources shall expend not more than $3,000,000 from the RGGI Auction Trust Fund established in section 35II of chapter 10 of the General Laws for reimbursements to municipalities in which the property tax receipts from an electric generating station, including payments in lieu of taxes and other compensation specified in an agreement between a municipality and an affected property owner, are reduced due to a reduction in capacity factor, occurring after July 1, 2012 at a dual coal and oil-fired facility, of at least 50 per cent from the average capacity factor of the previous 10 years; provided, however, that such action shall also reduce the commonwealth's greenhouse gas emissions from the electric generator sector under the goals established pursuant to chapter 21N of the General Laws; provided further, that the reimbursement amount shall be determined by calculating the difference between: (i) the amount of the tax receipts, including payments in lieu of taxes or other compensation, paid by the electric generating station in the current tax year; and (ii) the amount of the tax receipts, including payments in lieu of taxes or other compensation, paid by the electric generating station in the tax year prior to the full or partial decommissioning or other change in operating status of the facility; provided further, that a reimbursement shall not be made if, in a tax year, the aggregate amount paid to a municipality by the owner of an electric generating station including, but not limited to, payments in lieu of taxes and other compensation, exceeds the aggregate amount paid to that municipality by that owner in the year prior to the full or partial decommissioning or other change in operating status of the electric generating station; and provided further, that not later than December 31, 2016, a municipality in which the property tax receipts from an electric generating station are reduced due to a reduction in capacity factor shall submit a report to the senate and house chairs of the joint committee on telecommunications, utilities and energy detailing the need for these reimbursements and the impact on the municipality of receiving or not receiving them. Payments from the RGGI Auction Trust Fund shall be prioritized so that the first payments from the fund shall be made to municipalities under this section.