SECTION 1.  For purposes of implementing Section 2, the following terms shall, unless the context clearly otherwise requires, have the following meanings:

“Commission,” the Greylock Glen commission as established in Section 2 shall serve as an assignee of the town of Adams, the assignor, as the new master tenant of parcels of land designated in the master lease;

“DCAMM,” Department of Capital Asset Management and Maintenance;

“DCR,” the Department of Conservation and Recreation;

“Greylock Glen,” parcels of land of the commonwealth, as designated in chapter 676 of the acts of 1985 authorizing DCAMM and DCR to acquire said parcels, located off west mountain road and gould road in the town of Adams near the mount greylock state reservation for general recreation purposes;  as authorized in said chapter, DCAMM and DCR may dispose of the property for general recreational purposes and for the development of the residential and commercial facilities and improvements thereon of which the commissioner of DCR deems appropriate for successful redemption of those purposes;

“Master landlord,” collectively DCAMM and DCR;

“Master lease,” a mutual agreement dated as October 17, 2014 and on file with DCR and DCAMM, entitled “master lease”, between the commonwealth acting by and through DCAMM in consultation with DCR and the town of Adams for purposes of leasing certain parcels of land consisting of approximately 138.482 acres in the aggregate at the Greylock Glen, as designated on page 6 in section 2 of the master lease;

“Master tenant,” the town of Adams, serving as the assignor of the master lease to the commission.

SECTION 2.  The town of Adams shall create, by vote of the board of selectmen, a commission to act on behalf of the town as the new master tenant of parcels of land at the greylock glen as designated in the master lease for purposes of carrying out chapter 676 of the acts of 1985.

The commission shall enjoy all master tenant powers, rights, responsibilities, duties, interest in, and benefits of the master lease of which the town would have enjoyed relative to the ownership, development and operation of project activities authorized or contemplated by the master lease.  The commission shall be empowered to take all actions as appropriate and as permitted in the master lease for the purposes of implementing this act including, but not limited to: entering into contracts; hiring of staff and personnel, consultants and managers; the acquisition and disposition of all forms of property and interests therein.

For purposes of implementing this act, the commission shall organize for a non-profit purpose consistent with section 4 of chapter 180 of the general laws and lawfully incorporate in the commonwealth as a 501(c)(3) organization, pursuant to said chapter 180, with the secretary of the commonwealth and shall be approved and recognized as a non-profit organization by the internal revenue service.

Funds deposited in the name of the commission may be expended by the treasurer of the commission, as authorized by a majority vote of the commission and without further approval, provided that all such funds shall be used solely for purposes of funding the costs associated with project activities occurring within designated parcels of the Greylock Glen.

SECTION 3.  This act shall take effect upon its passage.