Chapter 7B

Section 1. As used in this chapter, the following words shall, unless the context clearly indicates otherwise, have the following meanings:— (a) ''Asset'', all property that is in the lawful possession of or otherwise held by a state agency, and shall include without limitation b…

Section 2. (a) There is hereby established an asset management board. The board shall be within but not subject to the control of the executive office of administration and finance. The board shall consist of the secretary of administration and finance or his designee, ex officio…

[There is no 7B:3.]

Section 4. The asset management board shall have the following powers and duties: (a) The board shall promulgate rules and regulations to implement the provisions of this chapter. Said regulations shall include but not be limited to: (i) establishing standards and procedures to g…

Section 5. Prior to the submission of any project to the asset management board, the state agency making such submission shall first develop an inventory of its assets and identify those assets that are underutilized or might otherwise qualify for management as part of an asset m…

Section 6. Each proposed project may be developed and managed with the assistance of individuals with expertise in the management of assets similar to the assets included in the proposed project; provided, that the board shall examine the proposed relationship between such indivi…

Section 7. Notwithstanding the provisions of section forty E of chapter seven to the contrary, real property, title to which was held in the name of a state agency, or the board of trustees of a facility of a state agency prior to the enactment of said section shall, for the sole…

Section 8. Notwithstanding the provisions of section four F of chapter seven or any other provision of the General Laws to the contrary, at the request of a state agency, the state treasurer is hereby authorized and directed to establish one or more asset management project trust…

Section 9. The provisions of this chapter are not intended and shall not be construed to limit, override or otherwise modify the procedures, powers and duties of the division of capital asset management and maintenance unless specifically so authorized by the asset management boa…