Bill

Bill > H5448


MA H5448

Authorizing the commissioner of Capital Asset Management and Maintenance to convey certain parcels of land in the town of Lancaster


summary

Introduced
12/29/2022
In Committee
Crossed Over
01/03/2023
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Authorizing the commissioner of Capital Asset Management and Maintenance to convey certain parcels of land in the town of Lancaster

AI Summary

This bill authorizes the Commissioner of Capital Asset Management and Maintenance to convey certain parcels of land in the town of Lancaster that were formerly known as the Lancaster Industrial School for Girls to the town of Lancaster. The town of Lancaster can use the parcels without any restrictions, but may choose to restrict the use of one or more parcels at a later date. The town will pay the Commonwealth $1 for the parcels, but if the town sells or leases any portion of the parcels, the net proceeds will be shared equally between the town and the Commonwealth, with the possibility of the Commonwealth's share being reduced to not less than 40% to provide incentives for the town to sell or lease the parcels expeditiously. If the town decides to retain all or any portion of the parcels for municipal purposes, the town will need to pay the Commonwealth the fair market value of the retained portion(s), as determined by an independent appraisal. The town will be responsible for all costs and expenses related to the conveyance and ownership of the parcels.

Sponsors (1)

Other Sponsors (2)

House Committee on Ways and Means (H), Joint Committee on State Administration and Regulatory Oversight (J)

Last Action

No further action taken (on 01/03/2023)

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/H5448
BillText https://malegislature.gov/Bills/192/H5448.pdf
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