2005 Vermont Code - § 10h. — Adjustments to existing projects; suspension of overruns; cooperative interstate agreement

§ 10h. Adjustments to existing projects; suspension of overruns; cooperative interstate agreement

(a) The agency shall report to the transportation board each project for which the current construction cost estimate exceeds the last approved construction cost estimate by a substantial level, as substantial level is defined by the transportation board. The transportation board shall review such a project, and may grant approval to proceed. If not approved by the transportation board, the project shall not proceed to contract award until approved by the general assembly. On or before December 31 of each year, the agency shall inform the house and senate committees on transportation of any project for which the current construction cost estimate exceeds the last approved construction cost estimate by a substantial level, as defined by the transportation board, regardless of whether such a project has been submitted to the transportation board for its approval to proceed, or regardless of the status of such a project before the transportation board.

(b) In connection with any authorized construction project in the state of Vermont which extends into or affects an adjoining state, the agency, on behalf of the state of Vermont, may enter into a cooperative agreement with the adjoining state or any political subdivision of an adjoining state which apportions duties and responsibilities for planning preliminary engineering, including environmental studies, right-of-way acquisition, construction and maintenance. (Added 1989, No. 121, § 7, eff. June 22, 1989; amended 1989, No. 246 (Adj. Sess.), § 40; 2001, No. 141 (Adj. Sess.), § 21, eff. June 21, 2002.)