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HOUSE DOCKET, NO. 4425 FILED ON: 6/27/2023
HOUSE . . . . . . . . . . . . . . . No. 3971
The Commonwealth of Massachusetts
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PRESENTED BY:
Sarah K. Peake and Julian Cyr
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act establishing attainable housing and Chatham elementary school special revenue accounts
for the town of Chatham.
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PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:Sarah K. Peake4th Barnstable6/27/2023Julian CyrCape and Islands6/27/2023 1 of 2
HOUSE DOCKET, NO. 4425 FILED ON: 6/27/2023
HOUSE . . . . . . . . . . . . . . . No. 3971
By Representative Peake of Provincetown and Senator Cyr, a joint petition (accompanied by bill,
House, No. 3971) of Sarah K. Peake and Julian Cyr (by vote of the town) that the town of
Chatham be authorized to establish two special revenue accounts to support the development of
attainable housing in said town and the administration and operation of the Chatham elementary
school. Revenue. [Local Approval Received.]
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Third General Court
(2023-2024)
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An Act establishing attainable housing and Chatham elementary school special revenue accounts
for the town of Chatham.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 SECTION 1. (a) Notwithstanding section 53 of chapter 44 of the General Laws or any
2other general or special law to the contrary, the town of Chatham shall establish in the town
3treasury two special revenue accounts to be known, respectively, as the Attainable Housing
4Special Revenue Fund and the Chatham Elementary School Special Revenue Fund, into which
5shall be deposited certain receipts comprised of the room occupancy excise received annually by
6the town under chapter 64G of the General Laws. The funds shall be used, respectively, to
7support the development of attainable housing in the town of Chatham and the administration
8and operation of the Chatham Elementary School.
9 (b) Notwithstanding any general or special law to the contrary, one per cent of the
10amount of the room occupancy excise collected under said chapter 64G by the town for the fiscal
11year beginning July 1, 2023 and each fiscal year thereafter shall be credited to the Attainable 2 of 2
12Housing Special Revenue Fund and one percent of said excise shall be credited to the Chatham
13Elementary School Special Revenue Fund. Said funds shall thereafter be subject to further
14appropriation by a majority vote of the town meeting.
15 (c) Notwithstanding any general or special law to the contrary, any interest accruing on
16any amount on deposit in the Attainable Housing Special Revenue Fund and the Chatham
17Elementary School Special Revenue Fund shall be credited to each such respective fund.
18 (d) Nothing in this act shall affect amounts distributed in any fiscal year to the town from
19the Local Aid Fund.
20 SECTION 2. The town meeting, by a majority vote, may increase, reduce, or otherwise
21reallocate the amounts of the room occupancy excise collected by the town under chapter 64G to
22be credited to the Attainable Housing Special Revenue Fund and the Chatham Elementary
23School Special Revenue Fund. Further, the town meeting may, by majority vote, terminate either
24or both of said Funds, whereupon any funds remaining therein as of the effective termination
25date shall transfer to the general fund of the town.
26 SECTION 3. The treasurer of the town of Chatham shall, until such time as the
27Attainable Housing Special Revenue Fund and the Chatham Elementary School Special Revenue
28Fund cease to exist, provide an annual financial report to the town, which shall be publicly
29posted on or before October 1 of each year. The annual financial report shall specifically include:
30(i) fund revenues; (ii) fund receipts; (iii) the amount of grants made from the fund; (iv) the
31specific amounts of loans made by the fund and to whom such loans were made; and (v) the
32balance of money in the fund at the end of each fiscal year.
33 SECTION 4. This act shall take effect upon its passage.