Outside Section 49
MassDOT/MBTA Cost Recovery 2
SECTION 49.
Section 5 of chapter 161A
of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by inserting in line 15, after the word, "estate," the following words:- that is worth more than $100,000,.
Summary:
Current law requires that for any sale of real estate greater than $5,000, the MBTA must complete a competitive bidding process, even if the costs of complying with that process exceed the fair market value of the property. This section raises the property value threshold to a point where a competitive bidding process is cost-effective.
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