Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. The commissioner of the division of capital asset management and maintenance is hereby authorized, notwithstanding the provisions of sections 40F to 40I, inclusive, of chapter 7 of the General Laws, to convey a parcel of land and the buildings thereon known as 365 Commonwealth Avenue in the town of Concord currently under the care and control of the department of correction to the Concord Housing Authority, and said Concord Housing Authority is hereby authorized notwithstanding any general or special law to the contrary, acquire said parcel for public housing purposes. Said parcel shall be specifically described in a plan approved by said commissioner.

SECTION 2. The Concord Housing Authority shall pay full and fair market value for the property as determined by the commissioner of the division of capital asset management and maintenance based on an independent appraisal and shall assume all costs of appraisals, surveys, deed preparation and other expenses related to the conveyance of the property and shall be responsible for all costs and liabilities of its condition, ownership and operation. The inspector general shall review and comment on said appraisal, and said review and comment shall include an examination of the methodology utilized for said appraisal. The commissioner shall, 30 days prior to the conveyance authorized by this act, submit said appraisal and a report thereon to the inspector general. The inspector general shall prepare a report of his review of said appraisal and file said report with the commissioner, and copies of the same shall be filed with house and senate committees on ways and means and the chairmen of the joint committees on state administration. If said parcel ceases to be used for the purposes authorized herein or is used for any other purpose, then upon notice by the commissioner, all interest in the parcel shall revert to the commonwealth upon such terms and conditions as the commissioner may direct and its further disposition shall be subject to sections 40E to 40J, inclusive, of chapter 7 of the General Laws and to the prior approval of the general court.