Bill

Bill > S3138


MA S3138

Relative to real property in Lowell


summary

Introduced
11/14/2022
In Committee
12/22/2022
Crossed Over
Passed
Dead
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)

bill text


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