SECTION 1. There shall be a special commission to study the Massachusetts Bay Transportation Authority's existing real estate assets and any opportunities to better leverage them to create new revenues in the City of Boston. The commission shall consist of the following members: 3 members of the senate, 1 of whom shall serve as co-chair appointed by the Senate President, 1 of whom shall be appointed by the Chair of the Senate Committee on Bonding and Capital Assets, and 1 of whom shall be appointed by the minority leader; 3 members of the House of Representatives, 1 of whom shall serve as co-chair, appointed by the Speaker, 1 of whom shall be appointed by the Chair of the House Committee on Bonding and Capital assets, and 1 of whom shall be appointed by the minority leader; the Mayor of Boston or a designee; the Secretary of Housing and Economic Development or a designee; the General Manager of the MBTA or designee; and 2 members appointed by the governor, 1 of whom shall be selected from a list of 3 persons nominated by the Boston Carmen's Union Local 589; and 1 of whom shall be selected from a list of 3 persons nominated by the Boston Planning and Development Agency.

The commission shall investigate and study the existing real estate assets owned by the MBTA within the city of Boston and identify opportunities for the Authority to better leverage these assets for the purpose of creating new, long term revenue sources.The commission shall report its findings, including any proposed legislation, to the chairs of the senate and house committees on Ways and Means, the chairs of the senate and house committees on Bonding and Capital Assets, and the Department of Transportation not later than December 31, 2022.