summary
Introduced
01/22/2019
01/22/2019
In Committee
10/29/2019
10/29/2019
Crossed Over
10/28/2019
10/28/2019
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation relative to marijuana-related revenue in the town of Millbury. Municipalities and Regional Government. [Local Approval Received.]
AI Summary
This bill requires the town manager of Millbury, Massachusetts to deposit certain marijuana-related revenue, including funds from host community agreements, local marijuana sales tax, and state marijuana-related taxes, into the town's stabilization funds without appropriation. The bill specifies that 50% of the revenue must be allocated to the Road Infrastructure Stabilization Fund, and 50% must be allocated to the Storm Water Improvements Stabilization Fund if certain conditions are met. If no allocation is made to those funds, the revenue is to be divided equally among the Other Post-Employment Benefits Stabilization Fund, the Unfunded Retirement Liability Stabilization Fund, and the Capital Projects Stabilization Fund.
Committee Categories
Government Affairs
Sponsors (3)
Last Action
Read second and ordered to a third reading (on 11/04/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/S1196 |
| Bill | https://malegislature.gov/Bills/191/S1196.pdf |
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