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Bill > S274


MA S274

MA S274
For Community Institution Stabilization


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation relative to Community Institution Stabilization. Economic Development and Emerging Technologies.

AI Summary

This bill aims to provide a framework for stabilizing community institutions in Massachusetts. It grants members of a community institution the "Right of First Refusal" when the institution decides to dissolve or dispose of substantial property. The bill defines a community institution as an iconic building or structure that has provided significant community services, such as a school, library, or church. When a community institution is facing dissolution, the bill allows for the appointment of a neutral "Special Community Trustee" to facilitate the transition and explore alternative uses for the property, with a preference for reasonable offers from the institution's members. The goal is to encourage the preservation of these important community assets and ensure a stable transition during times of change.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Accompanied a study order, see S2710 (on 02/22/2022)

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