SECTION 1. For purposes of implementing this act, the following words shall, unless the context clearly otherwise requires, have the following meanings:

“Commission,” the Greylock Glen commission established in section 2.

“Greylock Glen,” parcels of land acquired by the commonwealth for general recreation purposes pursuant to chapter 676 of the acts of 1985 located off west mountain road and Gould road in the town of Adams near the Mount Greylock state reservation.

“Master landlord,” collectively the department of capital asset management and maintenance and the department of conservation and recreation.

“Master lease,” a mutual agreement dated October 17, 2014 and on file with the department of capital asset management and maintenance and the department of conservation and recreation, entitled “master lease”, between the commonwealth acting by and through the department of capital asset management and maintenance, in consultation with the department of conservation and recreation, 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 establish, 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 may 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; and the acquisition and disposition of all forms of property and interests therein.

The commission shall organize for a non-profit purpose consistent with section 4 of chapter 180 of the General Laws and section 501(c)(3) of the Internal Revenue Code.

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.