(1) At any time before
completion day the State may transfer to the Town of Cambridge any estate in
fee simple that the State then holds in any part of the Perry Lakes land.
(2) On a day that is
not later than 6 months after completion day the State must transfer to
the Town of Cambridge any estate in fee simple that the State holds on the
date of the transfer in any of the Perry Lakes land.
(3) Any transfer that
may or must be made under this section is exempt from fees under the
Transfer of Land Act 1893 and from stamp duty.