summary
Introduced
06/18/2018
06/18/2018
In Committee
08/20/2018
08/20/2018
Crossed Over
08/16/2018
08/16/2018
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th 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 all 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 funds must be allocated to the Road Infrastructure Stabilization Fund, and 50% to the Storm Water Improvements Stabilization Fund if the town's storm water system requires improvements. If there is no allocation to one of those funds, the funds are then allocated equally to the Other Post-Employment Benefits Stabilization Fund, the Unfunded Retirement Liability Stabilization Fund, and the Capital Projects Stabilization Fund.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Read second and ordered to a third reading (on 09/13/2018)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/S2563 |
| Bill | https://malegislature.gov/Bills/190/S2563.pdf |
Loading...