§ 26 - Purchase and sale of property - Vermont Statutes

§ 26. Purchase and sale of property

The agency may purchase or lease any land, taking conveyance in the name of the state, when land is needed in connection with the layout, construction, repair, and maintenance of any state highway, or the reconstruction of the highway. The agency may acquire or construct buildings necessary for use in connection with this work. When any of the land or the buildings acquired or the buildings constructed become no longer necessary for these purposes, the agency may sell or lease the property. The proceeds from any sale or lease shall be deposited in the transportation fund and, unless otherwise required by federal law or regulation, shall be credited to transportation buildings to be used for transportation building projects previously authorized by the general assembly. (Added 1985, No. 269 (Adj. Sess.), § 1; amended 1989, No. 246 (Adj. Sess.), § 9; 2003, No. 56, § 24, eff. June 4, 2003; 2003, No. 80 (Adj. Sess.), § 84, eff. March 8, 2004.)