An Act relative to the Greater Lawrence Regional Vocational Technical high school.

SECTION 1. Chapter 330 of the acts of 1960 is hereby amended by striking out section 4 and inserting in place thereof the following section:-

Section 4. Notwithstanding section 3 of chapter 40 of the General Laws, section 14C of chapter 71 of the General Laws and any other general or special law to the contrary, the agreement made under section 3 of this act, or any amendment to such an agreement, may contain provisions authorizing any member municipality to sell, lease or grant a license to use any building and any land appurtenant thereto or used in connection therewith to the regional school district, and any such municipality may authorize such sale, lease or license accordingly. In case of a sale, the price and time or times of payment and the method by which the municipalities other than the selling municipality shall be assessed for such payment shall be set forth in the agreement or amendment; but in no case shall payments be made which shall extend over a period in excess of 20 years. In the case of a lease or license to use the rental or license fee and terms of payment and assessment shall be set forth in the agreement or amendment. The lease or license to use may be for a term or period not in excess of 20 years, and may contain provisions for the extension of the lease or license to use for an additional term or period not in excess of 20 years, at the option of the regional district school committee.

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