The bill titled "An Act modernizing the governance of Port Authority parks in East Boston" aims to update the governance structure and operational framework for parks managed by the Massachusetts Port Authority in East Boston. Key amendments include the replacement of specific terms such as "lobster facility" and "waterfront park" with the broader term "parks," and the complete removal of certain clauses that are no longer relevant. The bill also introduces a new definition of parks, which encompasses various public open spaces in East Boston, and outlines a phased approach to park development, specifically detailing the areas designated for Phase I, II, and III parks.

Additionally, the bill establishes the East Boston Project Advisory Committee (PAC) with a defined membership structure and responsibilities, including oversight of park planning, design, and maintenance. It mandates that the Massachusetts Port Authority enter into agreements with the PAC regarding the parks' operation and maintenance, ensuring that the authority adheres to specific standards. The bill also stipulates funding responsibilities for the design, construction, and maintenance of the parks, while allowing for the possibility of leasing park areas to nonprofit entities under certain conditions. Overall, the legislation seeks to enhance community involvement and ensure the effective management of public parks in East Boston.