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 fair market value of the parcel will be determined through an independent appraisal, which must be reviewed and approved by the inspector general before the transfer can be executed.

Additionally, the bill establishes 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 managed by the president of Massachusetts Bay Community College. The bill also stipulates that Kimberlee A. Dow or her successors will bear all costs associated with the transaction, including engineering, surveys, and title examinations. The trust will be credited with any contributions made to it and will allow for the unexpended balance to be carried over for future use.