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 warranties and will be subject to terms deemed necessary by the commissioner. The bill also stipulates 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 proceeds from the land conveyance will be deposited into a newly established expendable trust account known as the Massachusetts Bay Community College Oakland Circle Scholarship trust, which will be used for student scholarships. The bill outlines that Kimberlee A. Dow or her successors will be responsible for all transaction-related costs, including engineering and appraisal fees. The trust will be administered by the president of Massachusetts Bay Community College and will allow for the unexpended balance to remain available for future expenditures without causing a deficit.