The Commonwealth of Massachusetts
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PETITION OF:
William G. Greene, Jr.
J. James Marzilli, Jr.
Michael E. Festa
James B. Eldridge
Karen E. Spilka
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In the Year Two Thousand and Seven.
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An Act allowing special permits granting authorities to receive mitigation funds. |
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. Section 9 of chapter 40A of the General Laws, as appearing in the 1998 Official Edition, is hereby amended by inserting after the second paragraph the following paragraph:—
Zoning ordinances or by-laws may provide, in connection with the granting of
special permits and the imposing of conditions thereof, which conditions may
require the payment of monies to perform such conditions, that notwithstanding
the provisions of sections 53 and 54 of chapter 44, or any other general or
special law to the contrary, that the special permit granting authority may be
authorized to receive such monies and deposit same in special accounts or
funds, held by the treasurer separate from the city or town’s general fund and
said authority may spend sums out of such special accounts or funds, to perform
or carry out the terms of such condition, in order to accomplish the specific
purposes stated in such condition. Interest earned on any such accounts shall
accrue to, and be included as part of, the principal.