§ 127-b. Payment of refunds on special permits and notice to police officers. Where a special permit to remain open until three antemeridian has been issued under subdivision two of section ninety-nine of this chapter, in a county where a regulation of a local board further restricting the hours during which alcoholic beverages may be sold for on-premises consumption shall have been rescinded by such local board during the period for which the special permit was issued, the holder of such special permit shall be entitled to a refund computed for full months commencing with the first day of the month succeeding the month in which the rescission of the local regulation occurred. The procedure with reference to the payment of refunds and notice to police officials shall be as nearly as possible the same as outlined in section one hundred and twenty-seven of this chapter.