Bill > S0085

This bill modifies existing Vermont law regarding state-owned railroad property leases by requiring that all lease extensions must now be approved by the General Assembly, or in cases where the legislature is not in session, by the Joint Transportation Oversight Committee. The bill specifically amends the existing statute to mandate that the Secretary of Transportation, when leasing or arranging for the continued operation of state-owned railroad property, must obtain legislative approval. Additionally, the bill requires the Secretary to notify the House and Senate Transportation Committees within 10 calendar days after entering into any short-term lease or operating agreement, which can last up to six months. The bill also maintains existing provisions that require notification to legislative committees when there are 12 months remaining on an operating lease or lease extension for state-owned railroads. The legislation is designed to increase legislative oversight of state railroad property leases and ensure transparency in the leasing process. The bill will take effect immediately upon passage.

Transportation and Infrastructure

https://legislature.vermont.gov/bill/status/2026/S.85