SECTION 1. Construction and development activity related to redevelopment by the Boston Housing Authority of the federally-funded Lenox public housing project and the state-funded Camden public housing project, or any part thereof, shall not be subject to any general or special law related to the procurement and award of contracts for the planning, design, construction management, construction, reconstruction, installation, demolition, maintenance, or repair of buildings by a public agency, but shall be subject to sections 26 to 27H, inclusive, of chapter 149 of the Generals Laws. Contracts for the construction, reconstruction, alteration, remodeling, or repair of any publicly owned public works that service this project and would otherwise be subject to section 39M of chapter 30 of the General Laws shall be subject to said section 39M if the redevelopment of the project is funded in part by state or federal government low-income housing tax credit, grant, or loan, or pursuant to the issuance of tax-exempt bonds authorized by general law. A conveyance of the project, whether by leasehold or fee estate, to an urban redevelopment corporation organized under chapter 121A of the General Laws or to a nonprofit state and federally tax-exempt corporation organized for the purpose of revitalizing the project, shall be subject to chapter 30B of the General Laws to the extent that the project is conveyed to an entity that is not owned, controlled, or managed by the Boston Housing Authority on the date of the conveyance. Subject to compliance with such requirements of chapter 30B of the General Laws, the project may be conveyed to and may be owned, maintained and operated by an entity that is not owned, controlled, or managed by the Boston Housing Authority; provided that, with respect to the state-funded portion of the project, such entity enters into a binding legal contract and land use restriction with the Boston Housing Authority and with the department of housing and community development which requires compliance with the provisions of chapter 121B of the General Laws and 760 CMR §§ 4.00 et seq., 5.00 et seq. and 6.00 et seq. in the same manner and to the same effect as if it were a housing authority, subject to such regulatory waivers given by the department of housing and community development as may be necessary for securing financing.

SECTION 2. This act shall take effect upon its passage.