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Bill > S3158


MA S3158

Directing the commissioner of capital asset management and maintenance to convey certain parcels of land in the city of Lowell to the University of Massachusetts Building Authority


summary

Introduced
12/22/2022
In Committee
12/29/2022
Crossed Over
12/29/2022
Passed
01/03/2023
Dead
Signed/Enacted/Adopted
01/05/2023

Introduced Session

192nd General Court

Bill Summary

Relative to real property in Lowell (Senate, No. 3138); reports, recommending that the same ought to pass with an amendment substituting a new draft entitled "An Act directing the commissioner of capital asset management and maintenance to convey certain parcels of land in the city of Lowell to the University of Massachusetts Building Authority" (Senate, No. 3158).

AI Summary

This bill directs the Commissioner of Capital Asset Management and Maintenance to convey two parcels of land in the city of Lowell to the University of Massachusetts Building Authority. The University of Massachusetts Building Authority will be responsible for all costs and expenses related to the conveyance, including appraisals and surveys. The consideration for the conveyance will be the greater of the full and fair market value or the value in proposed use. Upon acquisition, the University of Massachusetts Building Authority may convey, lease, transfer, or dispose of the parcels, with the net proceeds to be used for deferred maintenance or capital projects at the University of Massachusetts at Lowell as directed by the Board of Trustees.

Committee Categories

Budget and Finance

Sponsors (3)

Other Sponsors (2)

Joint Committee on State Administration and Regulatory Oversight (J), Senate Committee on Ways and Means (S)

Last Action

Signed by the Governor, Chapter 444 of the Acts of 2022 (on 01/05/2023)

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