2018 Vermont Statutes
Title 19 - Highways
Chapter 26 - Design-build Contracts And Public-private Partnerships
§ 2614 Legislative approval
§ 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; 2017, No. 158 (Adj. Sess.), § 21, eff. July 1, 2023.)
