Vermont § 160 - Property Management Revolving Fund

§ 160. Property Management Revolving Fund

• (a) There is established a Property Management Revolving Fund to provide space for office
  accommodations and other related purposes for which space is not available in buildings
  owned by the State. Space may be provided through the Fund for such departments or
  programs as the Secretary of Administration determines, except that space requirements
  for the Department of Forests, Parks and Recreation, the Department of Fish and Wildlife,
  the department controlling buildings designated as historic sites, the Military Department,
  and the Department of Labor shall be covered by this section only by executive order
  of the Governor. (b) The Fund shall consist of: (1) monies that are appropriated to the Fund, or that are paid to it under authorization
  of the Emergency Board; (2) the proceeds of rental income received by the Department of Buildings and General
  Services from the leasing of property under its supervision; and (3) fees to be paid by departments and agencies which shall be fixed by the Commissioner
  of Buildings and General Services subject to the approval of the Secretary of Administration,
  based on rentals, janitorial services, supplies, and other expenses necessarily incurred
  in providing space for such agencies. (c) Monies from the Fund shall be expended for rental of property for the purposes contemplated
  in this section, and to defray the cost of custodial services and other expenses necessary
  to the proper use and enjoyment of such premises by the occupant. Monies from the
  Fund may also be expended for management of buildings and property under the jurisdiction
  of the Department of Buildings and General Services, including inventory, appraisal,
  space study and allocation, and renovations. Cost of studies, renovations, alterations,
  and modifications shall not exceed $50,000.00 unless approved by the Secretary of
  Administration. (d) The Department of Buildings and General Services shall be responsible for administering
  the interests of the State in all existing leases and rentals for purposes that are
  designated in subsection (a) of this section in which the State is either a landlord
  or a tenant and where the name of another department or agency appears in any such
  lease, the Department of Buildings and General Services shall serve as the representative
  of that agency with all rights and responsibilities therein provided. All leases,
  rentals, or renewals for the benefit of departments or agencies to which this section
  applies shall, beginning on July 1, 1969, be made and executed by and in the name
  of the Commissioner of Buildings and General Services. (e) The Commissioner of Buildings and General Services shall supervise the receipt and
  expenditure of monies comprising the Property Management Revolving Fund, subject to
  the provisions of this section. He or she shall maintain accurate and complete records
  of all such receipts and expenditures and shall make an annual report on the condition
  of the Fund to the House Committee on Corrections and Institutions and the Senate
  Committee on Institutions. All balances remaining at the end of a fiscal year shall
  be carried over to the following year. (Added 1969, No. 60; amended 1977, No. 247 (Adj. Sess.), § 184; 1981, No. 66, § 5, eff. May 1, 1981; 1983, No. 147 (Adj. Sess.), § 4, eff. April 11, 1984; 1983, No. 158 (Adj. Sess.), eff. April 13, 1984; 1985, No. 242 (Adj. Sess.), § 307; 1995, No. 148 (Adj. Sess.), § 4(b), eff. May 6, 1996; 2005, No. 103 (Adj. Sess.), § 3, eff. April 5, 2006; 2007, No. 121 (Adj. Sess.), § 21; 2009, No. 33, § 55; 2011, No. 139 (Adj. Sess.), § 25, eff. May 14, 2012; 2017, No. 113 (Adj. Sess.), § 172.)