Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. Chapter four hundred and twenty-one of the acts of nineteen hundred and ninety-one is hereby repealed.
SECTION 2. The commissioner of the division of capital planning and operations is hereby directed, notwithstanding the provisions of sections forty E to forty J, inclusive, of chapter seven of the General Laws, to lease for a term not to exceed ninety-nine years, a parcel of state-owned land with a building located thereon, known as the William Russell Allen House, located at 359 East street in the city of Pittsfield to the Pittsfield Art League for the purposes of advancing the arts and for use by the Pittsfield Art League, subject to the requirements of section three and to such additional terms and conditions as the commissioner may prescribe.
SECTION 3. The sale or lease price paid by the Pittsfield Art League for said parcel shall be the full and fair market value of the property determined by the independent appraisal, for its use as described herein. The inspector general shall review and approve said appraisal and said review shall include a review of the methodology utilized for said appraisal. The inspector general shall prepare a report of his review and file said report with the commissioner for submission to the house and senate committees on ways and means and chairmen of the joint committee on state administration in accordance with section six of this act. The Pittsfield Art League shall pay said sale or lease price in accordance with the terms of the agreement.
SECTION 4. The Pittsfield Art League shall be responsible for any costs for appraisals, surveys and other expenses relating to the transfer of property, or for any costs and liabilities and expenses of any nature and kind for its development, maintenance or operation. In the event said parcel of land ceases to be used at any time for the purposes contained herein said parcel of land shall revert to the care and control of the division of capital planning and operations and any further disposition of said parcel of land shall be subject to the provisions of sections forty E to forty J, inclusive, of chapter seven of the General Laws.
SECTION 5. The sale or lease price paid pursuant to section two shall be deposited in the general fund of the commonwealth.
SECTION 6. The commissioner shall, thirty days before the execution of any agreement authorized by this act, or any subsequent amendment thereof, submit the agreement or amendment and a report thereon to the inspector general for his review and comment. The inspector general shall issue his review and comment within fifteen days of receipt of any agreement or amendment. The commissioner shall submit the agreement and any subsequent amendments thereof, the reports, and the comments of the inspector general, if any, to the house and senate committees on ways and means and the chairmen of the joint committee on state administration at least fifteen days prior to execution.