Governor Charles D. Baker's Budget Recommendation - House 1 Fiscal Year 2018

Search for line item

Go

Outside Section 49



Previous Outside Section Next Outside Section


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.



top of page link top of page