SECTION 1. Chapter 40 of the General Laws, as so appearing in the 2018 Official Edition, is hereby amended by inserting after section 3A the following section:-

Section 3B. (a) Notwithstanding any general or special law to the contrary, no municipality shall own land that is located within the geographical bounds of another municipality.

(b) If a municipality takes possession of land located within the geographical bounds of another municipality for any reason, the municipality shall dispose of such land by private sale or public auction no later than 180 days after taking possession; provided, however, that prior to any sale or other disposition of land, the municipality that owns land located within the geographical bounds of another municipality shall provide written notice, by regular and certified mail, return receipt requested, to the municipality in which the land is located of the sale and offer the municipality in which the land is located a first refusal option to meet a bona fide offer to purchase the land. The municipality shall hold such first refusal option for 60 days after receipt of the notice.

The treasurer of any municipality that takes possession of land located within the geographical bounds of another municipality shall assign and transfer title to such land via private sale or to the highest bidder after a public auction, after having given 14 days' notice of the time and place of such public auction by publication and having posted such notice in 2 or more convenient and public places in each municipality, and may execute and deliver on behalf of the municipality any instrument necessary therefor. The instrument of assignment shall be in a form approved by the chief executive officer or executive body of the municipality and shall be recorded within 60 days from its date.

SECTION 2. This act shall take effect 2 years after its passage.