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

This bill authorizes the state's Commissioner of Capital Asset Management and Maintenance to transfer specific land parcels in Lancaster, formerly the site of the Lancaster Industrial School for Girls, to the town of Lancaster. The transaction requires the town to pay one dollar as consideration, and the land is conveyed without any warranties from the state. If the town later sells or leases the property, the net proceeds must be shared equally between the town and the state, though the state may accept a reduced share of up to 40 percent to encourage a quicker sale. The legislation also establishes rules for the town if it decides to keep the land for municipal use, requiring an independent appraisal and a reversionary clause that returns the land to the state if it stops being used for public purposes. Finally, the bill sets a June 30, 2025, deadline for the town to complete the purchase, after which the state is authorized to sell or lease the remaining parcels through competitive bidding.