Bill
Bill > H5384
MA H5384
Authorizing the commissioner of Capital Asset Management and Maintenance to convey a certain parcel of land in the town of Lancaster
summary
Introduced
06/15/2022
06/15/2022
In Committee
11/07/2022
11/07/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
By Ms. Kilcoyne of Clinton, a petition (subject to Joint Rule 12) of Meghan Kilcoyne that the commissioner of Capital Asset Management and Maintenance be authorized to convey a certain parcel of state owned land in the town of Lancaster to said town. State Administration and Regulatory Oversight. [Local Approval Received.]
AI Summary
This bill authorizes the Commissioner of Capital Asset Management and Maintenance to convey a certain parcel of state-owned land in the town of Lancaster to the town. The town of Lancaster must pay the Commonwealth $1 as consideration for the conveyance. If the town decides to sell or lease any portion of the parcels, the net proceeds will be split equally between the town and the Commonwealth, though the Commissioner can agree to reduce the Commonwealth's share to at least 40% to incentivize the town to sell or lease the parcels expeditiously. If the town decides to retain any portion of the parcels for municipal purposes, it must pay the Commonwealth the fair market value of those portions, as determined by an independent appraisal. The town is responsible for all costs and expenses related to the conveyance and subsequent ownership of the parcels. If the town does not complete the purchase by December 31, 2023, the Commissioner may sell or lease the parcels to other parties using competitive bidding processes.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Accompanied a new draft, see H5415 (on 12/08/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/192/H5384 |
Bill | https://malegislature.gov/Bills/192/H5384.pdf |
Loading...