This bill authorizes the commissioner of capital asset management and maintenance to convey a specific parcel of land in Wellesley to Kimberlee A. Dow. The land, approximately 3,500 square feet, is currently used for community college purposes and is part of a larger property recorded in the Norfolk registry of deeds. The conveyance will occur without representations or warranties and will be subject to terms deemed necessary by the commissioner. The bill also establishes that the consideration for the land will be based on its fair market value or the value in proposed use, whichever is greater, as determined by an independent appraisal.

Additionally, the bill creates the Massachusetts Bay Community College Oakland Circle Scholarship trust, which will receive the proceeds from the land conveyance. This trust will be used to fund student scholarships and will be administered by the president of Massachusetts Bay Community College. The bill stipulates that Kimberlee A. Dow or her successors will be responsible for all transaction-related costs, including engineering, surveys, and appraisals. The trust will allow for the unexpended balance to carry over into subsequent fiscal years, ensuring ongoing support for scholarships without causing a deficit.