Bill > H2689

This bill amends Section 2 of Chapter 60B of the General Laws, which deals with boat excise revenue, by allowing cities and towns to adjust the percentage of this revenue that is allocated to their local waterways improvement and maintenance fund. Specifically, it permits a city or town's legislative body, such as a town meeting or city council, to vote on changing this percentage, with the crucial condition that they cannot reduce the amount credited to the waterways fund to less than fifty percent of the total excise revenue collected. This provision aims to give local governments more flexibility in managing funds dedicated to maintaining and improving their local waterways.