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Bill > S1679


MA S1679

MA S1679
Facilitating the transfer of property in the town of Tewksbury


summary

Introduced
04/15/2015
In Committee
04/19/2016
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation to facilitate the transfer of property in the town of Tewksbury. State Administration and Regulatory Oversight.

AI Summary

This bill, concerning state administration and regulatory oversight, aims to facilitate property transfers in the town of Tewksbury by amending a previous act from 2002. Specifically, it modifies Section 3 of Chapter 251 of those acts to clarify the consideration, or the value exchanged, for property conveyances authorized by other sections of the law. The bill establishes that this consideration will be the difference between the full and fair market value of certain parcels, identified as (1) and (3), and the full and fair market value of parcels (2) and (4), both as determined by initial independent appraisals conducted in 2005.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (1)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 04/19/2016)

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