Vermont Statutes Title 19 Sec. 2614
Terms Used In Vermont Statutes Title 19 Sec. 2614
- Agency: means the Agency of Transportation. See
- Facility: means transportation infrastructure that is, or if developed, would be, within the jurisdiction of the Agency or eligible for federal-aid funding managed through the Agency. See
- 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
- Secretary: means the head of the Agency who shall be a member of the Governor's Cabinet responsible directly to the Governor for the administration of the Agency. 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[Section 2614 repealed effective July 1, 2026.]
§ 2614. Legislative approval
If the Secretary determines that a proposal that requires legislative approval under section 2613 of this title is in the public interest and should be pursued, the Secretary shall submit to the General Assembly:
(1) a description of the proposal, including:
(A) a summary of the project scope and timeline;
(B) the rights and obligations of the State and private entity partner or partners, including the level of involvement of all partners in any ongoing operations, maintenance, and ownership of a facility;
(C) the nature and amount of State funding of the project and of any ongoing State financial responsibility for ongoing maintenance or operation costs; and
(D) its effect on any project in the most recent approved Transportation Program;
(2) a statement detailing how the proposal meets the Agency‘s criteria developed under this subchapter; and
(3) proposed legislation to confer authority to the Agency to enter into a P3 agreement with respect to the proposal. (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 May 21, 2018; repealed on July 1, 2026 by 2017, No. 158 (Adj.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.)