Vermont § 204 - Powers of Agency generally

§ 204. Powers of Agency generally

• (a) To carry out the purposes of this part, the Agency of Transportation shall have power,
  subject to subsection (b) of this section: (1) To contract in the name of the State with individuals, firms, or corporations, with
  officials of a town, city, or village, with officials of a group of either or both
  of such governmental units, with officials of another state, or with officials or
  agencies of the federal government to carry out the purposes of this part. (2) To receive, manage, use, or expend, for purposes directed by the donor, gifts, grants,
  or contributions of any name or nature made to the State for the promotion or development
  of aeronautics or for aeronautics facilities. The authority granted in this subdivision
  shall be subject to the provisions of 32 V.S.A. § 5. (3) To operate, manage, use, exchange, lease, or otherwise deal with or dispose of, in
  whole or in part, land and rights in land acquired in the name of the State by purchase,
  gift, or otherwise, under authorization of this part, and to charge reasonable fees
  for such use or the use of landing areas, parking areas, buildings, and other facilities,
  or for services rendered. Monies received from the fees shall be paid into the State
  Treasury and credited to the Transportation Fund. (4) To acquire on behalf of the State, acting either alone or with local governmental
  units or the federal government, by purchase or by the exercise of the right of eminent
  domain, property, easements, or other rights in property needed to carry out the purposes
  of this part. In taking property, easements, or rights in property located in this
  State, the right of eminent domain shall be exercised in the manner and subject to
  the limitations provided for in 19 V.S.A. chapter 5, except as otherwise provided
  in chapter 15, subchapter 2 of this part. (b) An acquisition or transfer under this section of property or rights in property with
  an appraised or other estimated value of $500,000.00 or above, or of an option to
  acquire property with an appraised or other estimated value of $500,000.00 or above,
  shall be made with the specific prior approval of the General Assembly of the acquisition
  or transfer and its terms or, if the General Assembly is not in session, with the
  specific prior approval of the Joint Transportation Oversight Committee. The requirement
  of this subsection shall not apply, however, if the General Assembly has approved
  a specific project described in the annual transportation program and the scope of
  the project includes the acquisition or transfer of property. (Added 1985, No. 222 (Adj. Sess.), § 2; amended 2011, No. 153 (Adj. Sess.), § 48; 2015, No. 40, § 13.)