HOUSE . . . . . . . No. 3663
The Commonwealth of Massachusetts
The committee on Ways and Means, to whom was referred the Bill authorizing the Division of Capital Asset Management and Maintenance to extend the time requirement in a certain section of a lease agreement on certain property owned by the Commonwealth of Massachusetts in the town of Tewksbury (House, No. 2858), reports recommending that the same ought to pass with an amendment substituting therefor the accompanying bill (House, No. 3663).
For the committee,
BRIAN S. DEMPSEY.
HOUSE . . . . . . . . . . . . . . . No. 3663
In the Year Two Thousand Thirteen
An Act authorizing the Division of Capital Asset Management and Maintenance to extend the time requirement in a certain section of a lease agreement on certain property owned by the Commonwealth of Massachusetts in the town of Tewksbury.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Section 4 of chapter 296 of the acts of 2006 is hereby amended by striking out the section and inserting in place thereof the following:-
SECTION 4. Any lease agreement entered into under section 1, by or on behalf of the commonwealth, shall be terminable at the commonwealth's sole discretion upon 6 months advance written notice in the event that the Tewksbury Hospital Equestrian Farm fails to raise substantially all of the funding required to begin construction to establish accommodations suitable for year-round operation within 10 years after execution of the lease agreement. If the lease is terminated, the property shall revert to the commonwealth, under the care, custody and control of the division of capital asset management and maintenance, in consultation with the department of public health.