MassDOT/MBTA Cost Recovery 1

SECTION 7. Section 20 of said chapter 6C , as so appearing, is hereby amended by striking out, in line 22, the figure "$5,000" and inserting in place thereof the following figure:- $100,000.



Summary:
Current law requires that for any sale of real estate greater than $5,000, MassDOT 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.