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Bill > S2503


MA S2503

MA S2503
Authorizing the city of Fall River Housing Authority to convey a certain parcel of land to Southcoast Hospital Group, Inc


summary

Introduced
07/29/2021
In Committee
08/02/2021
Crossed Over
10/20/2022
Passed
10/31/2022
Dead
Signed/Enacted/Adopted
11/10/2022

Introduced Session

192nd General Court

Bill Summary

Authorizing the city of Fall River Housing Authority to convey a certain parcel of land to Southcoast Hospital Group, Inc

AI Summary

This bill authorizes the Fall River Housing Authority to convey a specific parcel of land located at 229 Highland Avenue to Southcoast Hospital Group, Inc., provided that the parcel is restricted to hospital-related uses. In exchange, Southcoast Hospitals Group, Inc. must either convey a replacement property of equal or greater value to the Fall River Housing Authority or pay the fair market value of the 229 Highland Avenue parcel, with the net proceeds to be used solely to acquire a replacement property for the housing program under Chapter 689 of the Acts of 1974. The bill also requires an independent appraisal to determine the fair market value of the parcel and any replacement property, and Southcoast Hospitals Group, Inc. is responsible for all costs and expenses related to the conveyances.

Sponsors (1)

Other Sponsors (1)

Senate Committee on Ways and Means (S)

Last Action

Signed by the Governor, Chapter 260 of the Acts of 2022 (on 11/10/2022)

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