Vermont Statutes Title 5 Sec. 3002
Terms Used In Vermont Statutes Title 5 Sec. 3002
- Agency: means the Agency of Transportation. See
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fees: shall mean earnings due for official services, aside from salaries or per diem compensation. See
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Oversight: Committee review of the activities of a Federal agency or program.
- 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
§ 3002. Powers of Agency
(a) To carry out the purposes of 19 V.S.A. § 10e, the Agency of Transportation may, subject to subsection (b) of this section:
(1) Contract in the name of the State with federal agencies, the National Railroad Passenger Corporation (Amtrak), railroads, municipalities, adjacent states, or other responsible persons to carry out the purposes of this chapter.
(2) Receive, manage, use, or expend, for the purposes of this chapter, federal and State funds appropriated to the Agency for the promotion or development of intercity rail passenger service or for intercity rail passenger service facilities.
(3) Operate, manage, use, exchange, lease, or otherwise deal with or dispose of, in whole or in part, land and rights in land acquired in the name of the State under authorization of this chapter, and to charge reasonable fees for such use or the use of land, buildings, and other facilities, or for services rendered. Monies received from the fees shall be credited to the Transportation Fund.
(4) Acquire on behalf of the State, acting either alone or with municipalities or the federal government, land and rights in land needed to carry out the purposes of this chapter.
(b) An acquisition or transfer under this section of property or rights in property with an appraised or other estimated value of $500,000.00 or above, or of an option to acquire property with an appraised or other estimated value of $500,000.00 or above, shall be made with the specific prior approval of the General Assembly of the acquisition or transfer and its terms or, if the General Assembly is not in session, with the specific prior approval of the Joint Transportation Oversight Committee. The requirement of this subsection shall not apply, however, if the General Assembly has approved a specific project described in the annual transportation program and the scope of the project includes the acquisition or transfer of property. (Added 1995, No. 183 (Adj. Sess.), § 6a, eff. May 22, 1996; amended 2003, No. 56, § 14, eff. June 4, 2003; 2011, No. 153 (Adj. Sess.), § 49.)