summary
Introduced
11/14/2022
11/14/2022
In Committee
12/22/2022
12/22/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation relative to real property in Lowell, reports the accompanying bill (Senate, No. 3138).
AI Summary
This bill authorizes the Commissioner of Capital Asset Management and Maintenance to convey two parcels of land located in Lowell, Massachusetts to the University of Massachusetts Building Authority. The University of Massachusetts Building Authority will be responsible for all costs related to the conveyance, and the proceeds from any subsequent sale, lease, or disposition of the properties, net of expenses, will be used for deferred maintenance and capital projects at the University of Massachusetts-Lowell campus. The bill also requires an independent appraisal of the fair market value and value in use of the parcels, and the review and approval of the appraisal by the Inspector General, before the execution of the property transfer.
Committee Categories
Budget and Finance
Sponsors (3)
Other Sponsors (1)
Joint Committee on State Administration and Regulatory Oversight (J)
Last Action
Amendment (as recommended by the committee on Senate Ways and Means) adopted (on 12/22/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/S3138 |
| Bill | https://malegislature.gov/Bills/192/S3138.pdf |
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