1 of 1 SENATE DOCKET, NO. 2401 FILED ON: 1/17/2025 SENATE . . . . . . . . . . . . . . No. 299 The Commonwealth of Massachusetts _________________ PRESENTED BY: Paul R. Feeney _________________ 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 relative to economic development and infrastructure in the Stadium Area of Route 1. _______________ PETITION OF: NAME:DISTRICT/ADDRESS :Paul R. FeeneyBristol and Norfolk 1 of 2 SENATE DOCKET, NO. 2401 FILED ON: 1/17/2025 SENATE . . . . . . . . . . . . . . No. 299 By Mr. Feeney, a petition (accompanied by bill, Senate, No. 299) of Paul R. Feeney for legislation relative to economic development and infrastructure in the Stadium Area of Route1. Economic Development and Emerging Technologies. The Commonwealth of Massachusetts _______________ In the One Hundred and Ninety-Fourth General Court (2025-2026) _______________ An Act relative to economic development and infrastructure in the Stadium Area of Route 1. Whereas, The deferred operation of this act would tend to defeat its purpose, which is to revise forthwith the parking fee requirement in the towns of Sharon, Walpole and Wrentham, therefore it is hereby declared to be an emergency law, necessary for the immediate preservation of the public convenience. 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. Section 7 of chapter 16 of the acts of 1999 is hereby amended by inserting 2after paragraph (1) the following paragraph:- 3 (1 ½) There shall be a regional economic development fund to be known as the Route 1 4Stadium Area Economic Development and Infrastructure Fund, to be administered by the town 5of Foxborough for the purposes of promoting economic development and infrastructure 6improvements along the Route 1 corridor and adjacent neighborhoods in the towns of Sharon, 7Walpole, Wrentham and Foxborough. There shall be credited to the fund: (i) any funds that may 8be appropriated or transferred for deposit into the fund; (ii) any revenue derived from the parking 9fees collected pursuant to paragraph (2); and (iii) all other amounts credited or transferred into 2 of 2 10the fund from any other source; provided, however, that amounts credited to the fund shall not be 11subject to appropriation. Money remaining in the fund at the end of a fiscal year shall not revert 12to the General Fund and shall be available for expenditure in subsequent fiscal years. 13 SECTION 2. Paragraph (2) of said section 7 of said chapter 16 of the acts of 1999 is 14hereby amended by striking out the words “returned to the commonwealth for deposit in the 15general fund” and inserting in place thereof the following words:- transferred to the Route 1 16Stadium Area Economic Development and Infrastructure Fund established under paragraph 17(1½). 18 SECTION 3. Said paragraph (2) of said section 7 of said chapter 16 of the acts of 1999 is 19hereby further amended by adding the following sentence:- Notwithstanding section 8 of this act 20or any other general or special law to the contrary, the annual aggregate amount of the 21administrative parking fees to be collected pursuant to this paragraph shall be reduced in 22accordance with the following schedule: by 20 per cent in 2027; by 40 per cent in 2028; by 60 23per cent in 2029; by 80 per cent in 2030; and by 100 per cent in 2031.