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 May 21, 2018; repealed on July 1, 2026 by 2017, No. 158 (Adj. Sess.), § 21, as amended by 2023, No. 62, § 41.)
Vermont Legal Code