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The Vermont Statutes Online
Title
05
:
Aeronautics and Surface Transportation Generally
Chapter
058
:
STATE ACQUISITION OF RAILROADS
§
3406. Sale or lease of state-owned railroad property for other purposes
(a) In
connection with state-owned railroad property, the secretary shall have
authority to enter into licenses, leases, easements, and sales of personal
property, including tracks, structures and buildings which are to be removed by
the purchaser.
(b) The
secretary shall have authority, with the approval of the governor, to sell
state-owned railroad property subject to the following conditions:
(1) the property
is located more than 33 feet from the centerline of main line track (or former
main line track), and the secretary determines that the property no longer is
needed for railroad operating purposes or for railbanking under section 3408 of
this title; and
(2)(A) if the
appraised value of the property is $100,000.00 or above, with the prior
approval of the general assembly of the sale and its terms, or, in the event
that the general assembly is not in session, with the prior approval of the
joint transportation oversight committee; or
(B) if the
appraised value of the property is below $100,000.00, without further approval.
(Added 1987, No. 211 (Adj. Sess.), § 1, eff. May 26, 1988; amended 1989, No.
246 (Adj. Sess.), § 2; 2009, No. 123 (Adj. Sess.), § 36.)