Vermont § 166 - Selling or renting State property

§ 166. Selling or renting State property

• (a) As agent of the State, with the advice and consent of the Governor unless otherwise
  provided, the Commissioner of Buildings and General Services may lease for a term
  not exceeding 10 years any real property owned by the State and not used for State
  purposes. This subsection shall not apply to leases of land pursuant to 10 V.S.A.
  chapter 83. (b)(1) Upon authorization by the General Assembly, which may be granted by resolution, and
  with the advice and consent of the Governor, the Commissioner of Buildings and General
  Services may sell real estate owned by the State. The property shall be sold to the
  highest bidder at public auction or upon sealed bids at the discretion of the Commissioner
  of Buildings and General Services, who may reject any or all bids, or the Commissioner
  is authorized to list the sale of property with a real estate agent licensed by the
  State. In no event shall the property be sold for less than fair market value as determined
  by the Commissioner in consultation with an independent real estate broker or appraiser,
  or both, retained by the Commissioner, unless otherwise authorized by the General
  Assembly. (2) If the Commissioner elects to sell the property at auction or by sealed bid, notice
  of the sale or a request for sealed bids shall be posted: (A) by electronic means; or (B) in at least three public places in the town where the property is located and also
  published three times in a newspaper having a known circulation in the town, the last
  publication to be not less than 10 days before the date of sale or opening of the
  bids. (3) This subsection shall not apply to the sale, conveyance, exchange, or lease of lands
  or interests in lands; to the amendment of deeds, leases, and easements; or to sales
  of timber made in accordance with the provisions of 10 V.S.A. chapter 155 or the provisions
  of 10 V.S.A. chapter 83. (c) The provisions of subsections (a) and (b) of this section shall not be construed to
  allow the Commissioner of Buildings and General Services to grant oil and gas leases
  on State-owned lands located within Vermont, but, with the approval of the Governor,
  the Commissioner of Buildings and General Services may sell or lease State lands for
  which an oil and gas lease has been granted, subject, however, to the terms and conditions
  of such oil and gas lease; provided, however, the Commissioner shall be responsible
  for any interests owned by the State in oil and gas resources located outside the
  State and may, after consultation with the Secretaries of Administration and of Natural
  Resources, lease or sell any such interest. (d) The net proceeds from the sale of any real property owned by the State shall be paid
  into a capital fund account to be used for future capital construction projects as
  authorized by the General Assembly, except that such proceeds may be used as otherwise
  directed by the General Assembly, which legislative direction may be by resolution. (e) Notwithstanding the provisions of subsection (a) of this section, specific approval
  is hereby granted by the General Assembly for the execution of new leases by an authorized
  State agent with the present lessees of individual camp lots on State lands on Groton,
  Marshfield, and Ricker ponds for a period exceeding 10 years. (f) It is the legislative intent that any future costs to the State agent resulting from
  conditions in the leases specified in subsection (e) of this section that would permit
  or require the purchase of property from lessees by the State agent shall be funded
  directly by the General Assembly or, if it is not in session, by the Emergency Board. (g)(1) Any person who on April 8, 1975, is a lessee of State lands on Groton, Marshfield,
  and Ricker ponds may by letter petition the Department of Forests, Parks and Recreation
  in order to obtain a lease that runs to both the lessee and the lessee’s spouse upon
  application and accompanying payment of $10.00. The Department of Forests, Parks and
  Recreation shall, within 30 days, prepare, execute and deliver to the lessee a new
  lease that runs to both lessee and lessee’s spouse. All terms of the new lease shall
  be identical to the terms of the old lease. Upon execution of the new lease by lessee
  and lessee’s spouse, the old lease shall be void. (2) The petition brought by the lessee shall state that the lessee desires to have the
  lease run to both lessee and lessee’s spouse. The petition shall include the full
  name of the lessee’s spouse, the spouse’s Social Security number, if any, and the
  full address of the spouse. (Amended 1959, No. 328 (Adj. Sess.), § 16(a); 1965, No. 155, § 2; 1973, No. 7; 1973, No. 179 (Adj. Sess.), eff. March 29, 1974; 1975, No. 29, § 1, eff. April 8, 1975; 1981, No. 240 (Adj. Sess.), § 8, eff. April 28, 1982; 1985, No. 217 (Adj. Sess.); 1987, No. 243 (Adj. Sess.), § 30, eff. June 13, 1988; 1995, No. 148 (Adj. Sess.), § 4(c)(1), eff. May 6, 1996; 1997, No. 148 (Adj. Sess.), § 71, eff. April 29, 1998; 2003, No. 63, § 27; 2003, No. 121 (Adj. Sess.), § 35, eff. June 8, 2004; 2017, No. 89 (Adj. Sess.), § 2, eff. Feb. 28, 2018; 2019, No. 139 (Adj. Sess.), § 18, eff. July 6, 2020; 2023, No. 69, § 21, eff. June 14, 2023; 2023, No. 162 (Adj. Sess.), § 20, eff. June 6, 2024.)