Amendment ID: H4288-1

Amendment 1

Authorizing the Division of Capital Asset Management and Maintenance to grant easements to NStar Electric Company

The committee on Ways and Means recommends that the bill be amended in section 1, by striking out, in line 1, the figure “38”, and inserting in place thereof the following figure:- “37”; and

in section 2, by inserting after the figure “1”, in line 31, the following words:-  “and the land in section 5”; and

in said section 2, by striking out, in line 41, the word “act” and inserting in place thereof the following word:- “section”; and

by striking out section 5 and inserting in place thereof the following section:-

“SECTION 5.  To ensure a no-net-loss of lands protected for natural resource purposes and as a condition of the conveyance authorized in section 1, NSTAR Electric Company shall, in addition to any compensation from NSTAR to the commonwealth required pursuant to section 2,  compensate the commonwealth for the easements described in this act through the transfer to the department of conservation and recreation of land or, an interest therein or funding for the acquisition of land or an interest therein equal to or greater than the appraised value of the easements as determined pursuant to this act. The fair market value of any land or interest in land proposed to be conveyed by NSTAR Electric Company to the department shall be included within the appraisal required by section 2. The land or, interest therein or funding shall be acceptable to the department of conservation and recreation and any land or interest therein, whether conveyed by NSTAR Electric Company or acquired by the department, shall be permanently held and managed for conservation and recreation purposes by the department. If the appraised value of any land or interests therein conveyed pursuant to this section shall be determined to be greater than the appraised value of the easements described in section 1, the commonwealth shall have no obligation to pay the difference. All payments paid to the commonwealth as a result of this section shall be deposited in the Conservation Trust established in section 1 of chapter 132A of the General Laws.”