Bill
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
12/22/2022
In Committee
12/29/2022
12/29/2022
Crossed Over
12/29/2022
12/29/2022
Passed
01/03/2023
01/03/2023
Dead
Signed/Enacted/Adopted
01/05/2023
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)
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/S3158 |
| Bill | https://malegislature.gov/Bills/192/S3158.pdf |
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