Vermont Statutes Title 19 Sec. 2613
Terms Used In Vermont Statutes Title 19 Sec. 2613
- Agency: means the Agency of Transportation. See
- Develop: means the partition or division of any tract of land of any size by a person through sale, lease, transfer, or any other means by which any interest in or to the land or a portion of the land is conveyed to another person that will require the construction of permanent new or enlarged points of access to a State or town highway other than a limited access facility pursuant to subsection 1702a(a) of this title; excluding, however, tracts of land located entirely within a city or incorporated village. See
- following: when used by way of reference to a section of the law shall mean the next preceding or following section. See
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Project: means the capital development of a facility. See
- Proposal: means a conditional offer of a private entity that, after review, negotiation, and documentation, and after legislative approval if required under this subchapter, may lead to a P3 agreement as provided in this subchapter. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
[Section 2613 repealed effective July 1, 2026.]
§ 2613. Authority
(a) The Agency is authorized to receive unsolicited proposals or to solicit proposals to undertake a project as a public-private partnership. The Agency shall develop, and have authority to amend, criteria to review and evaluate such proposals to determine if they are in the public interest and shall review and evaluate all proposals received in accordance with these criteria. In addition to other criteria that the Agency may develop, at minimum, the criteria shall require consideration of:
(1) the benefits of the proposal to the State transportation system and the potential impact to other projects currently prioritized in the most recently adopted Transportation Program;
(2) the extent to which a proposal would reduce the investment of State funds required to advance the project that the proposal addresses; and
(3) the extent to which a proposal would enable the State to receive additional federal funding that would not otherwise be available.
(b) If the Agency determines that a proposal is in the public interest:
(1) The Agency is authorized to enter into a P3 agreement with respect to the proposal without legislative approval if:
(A) the project has been approved in the most recently adopted Transportation Program; and
(B) total estimated State funding over the lifetime of the project will be less than $2,000,000.00.
(2) For the following projects, the Agency is authorized to enter into a P3 agreement with respect to the proposal only if the Agency receives specific legislative approval to enter into the P3 agreement:
(A) a project that has not been approved in the most recently adopted Transportation Program; or
(B) a project for which total estimated State funding over the lifetime of the project will be $2,000,000.00 or more. (Added 2017, No. 158 (Adj. Sess.), § 20, eff. May 21, 2018; repealed on July 1, 2026 by 2017, No. 158 (Adj. Sess.), § 21, as amended by 2023, No. 62, § 41.)