The Commonwealth of Massachusetts
——————
PETITION OF:
The Commonwealth of Massachusetts
——————
PETITION OF:
——————
In the Year Two Thousand and Seven.
——————
|
An Act providing for an annual payment in lieu of taxes by the Massachusetts Turnpike Authority. |
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Section
13 of chapter 35 of the Acts of 1952 is hereby amended by adding the following
new paragraph:—
“Without limitation of the foregoing, and notwithstanding any contrary
provisions of any other general or special law, the Authority is authorized and
directed to enter into an agreement with each city and town in which Authority
property is located whereby the Authority will make to each city or town annual
payments in lieu of taxes. Any such agreement shall provide for annual payments
for a period extending at least five years from the date thereof. Such
agreements may be amended by the mutual agreement of the respective city or
town and the Authority and extended each year to incorporate an additional year
or years to the terms of the agreement. In arriving at the agreed upon level of
such annual payments or any amendments thereto, the respective city or town and
the Authority shall consider: (1) the general level of property taxation in
such city or town; (2) the effect of the projects, facilities or activities of
the Authority in such city or town; (3) the general economic condition of the
users or other persons who pay tolls, rates, fees, rentals or other charges of
the Authority; and (4) the needs of the Authority to maintain or improve its
facilities or projects, provided, that no such annual payment as agreed upon or
any amendments thereto shall exceed in the aggregate for any fiscal year of the
Authority the balance of revenues remaining for such fiscal year after payment
of all other current expenses of the Authority.