Vermont S0260 requires legislative approval for leases of State-owned railroad rights-of-way.
Vermont S0260 mandates that the Secretary, acting on behalf of the State, must obtain approval from the General Assembly or the Joint Transportation Oversight Committee when there are 12 months remaining on the operating lease for any State-owned railroad. This approval is also required for lease extensions. The Secretary can enter into short-term leases or operating agreements, up to six months, with responsible railroad operators to maintain service on State-owned railroads.
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