Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. The town of Truro may, subject to the approval of the secretary of environmental affairs, convey a certain parcel of land acquired for conservation and watershed protection purposes, located in the town, to Albert R. and Nancy B. Silva of Truro for the sole purpose of constructing a driveway and underground utilities. Upon its conveyance by the town, the parcel shall continue to be subject to a conservation restriction in accordance with sections 31 to 33, inclusive, of chapter 184 of the General Laws. The parcel to be conveyed by the town is shown as Parcel C on a plan of land entitled "Plan of Land in Truro, Mass" drawn by Felco, Inc. Engineering/Land Surveying, Orleans, Mass., dated September 27, 2000 which is on file in the office of the town clerk.

SECTION 2. In consideration for the conveyance authorized in section 1, Albert R. and Nancy B. Silva shall convey a certain parcel of land, located in the town, to the town. The parcel is shown as Parcel A on the plan described in section 1. Upon its conveyance to the town by said Albert R. and Nancy B. Silva, the parcel shall be held by the town for the purposes of promoting and developing the town's natural resources and for the protection of watershed resources.

SECTION 3. The conveyances described in this act shall be authorized only if the value of Parcel A is of equal or greater value to the full and fair market value of Parcel C based upon 1 or more professional and independent appraisals prepared for the town of Truro. The inspector general shall review and comment on the appraisal, and said review and comment shall include an examination of the methodology used for the appraisal. The town shall, 30 days prior to the execution of any deed conveying Parcel C, submit to said inspector general the deeds together with the proposed deed to Parcel A to be conveyed in exchange for Parcel C. The inspector general shall prepare a report of his review of the deeds and file the report with the house and senate committees on ways and means and with the chairmen of the joint committee on local affairs at least 15 days prior to its execution.

SECTION 4. If Albert R. and Nancy B. Silva violate the terms of the conservation restriction imposed on Parcel C by section 1, the land shall revert to the town of Truro.

SECTION 5. This act shall take effect upon its passage.