Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. Notwithstanding any general or special law to the contrary, the city of Revere may by ordinance impose a surcharge of not more than $10 upon each vehicular rental transaction contract in the city. Amounts received by the city under this act shall not be considered in determining the amount of any state assistance to the city.

SECTION 2. The commissioner of revenue shall administer the surcharge imposed under section 1. Each vendor shall collect the surcharge and remit it to the department of revenue on a quarterly basis. All provisions of chapter 62C of the General Laws relative to assessment, collection, payment, abatement, verification and administration, including penalties and interest, shall, so far as pertinent, apply to this surcharge as though it were a tax enumerated in section 2 of said chapter 62C.

SECTION 3. The commissioner of revenue shall pay to the city on a quarterly basis all proceeds of the surcharge collected under section 2. Notwithstanding section 53 of chapter 44 of the General Laws or any other general or special law to the contrary, the city shall establish and maintain a special account to be known as the Public Safety Facility Capital Expenditure Fund into which all such payments shall be deposited. The city treasurer may invest funds in the account in the manner authorized by sections 55 and 55B of chapter 44 of the General Laws, and any interest earned on the account shall be credited to and become part of the account. Amounts appropriated from the account shall be expended exclusively for the principal and interest on loan orders incurred by the city for architectural, engineering, geotechnical and design services and for the original equipping and construction of a new public safety facility for the city. When the account contains sufficient amounts for these purposes, the mayor shall so certify to the commissioner and the surcharge shall cease to be imposed.

SECTION 4. This act shall take effect upon its passage.

This Bill having been returned by Her Excellency the Lieutenant-Governor with her objections thereto in writing (see House 4300) has been passed by the House of Representatives, notwithstanding said objections, two-thirds of the House (134 yeas to 21 nays) having agreed to pass the same.

Passed by the Senate, notwithstanding the objections of Her Excellency the Lieutenant-Governor, two-thirds of the members present (35 yeas to 2 nays) having approved the same.