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MA S299
Bill
AI Summary
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Creates the Route 1 Stadium Area Economic Development and Infrastructure Fund, administered by the town of Foxborough, to promote economic development and infrastructure improvements along Route 1 in Sharon, Walpole, Wrentham, and Foxborough
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Redirects parking fee revenue from the state General Fund to the new regional economic development fund
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Phases out administrative parking fees over five years: 20% reduction in 2027, 40% in 2028, 60% in 2029, 80% in 2030, and complete elimination (100%) in 2031
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Fund balances carry over between fiscal years and are not subject to appropriation or reversion to the General Fund
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Declared an emergency law for immediate effect, amending Chapter 16 of the Acts of 1999
Legislative Description
Relative to economic development and infrastructure in the Stadium Area of Route 1
Last Action
Bill reported favorably by committee and referred to the committee on Senate Ways and Means
3/9/2026