Plain English Breakdown
The bill states it is effective from passage, but no specific calendar date for that event is provided in the text excerpt.
Amending Land Transfer Rules for Cheshire
This law changes an earlier agreement to let the town of Cheshire sell three state-owned land parcels for specific uses and extends the deadline until July 1, 2031.
What This Bill Does
- Allows the Commissioner of Transportation to transfer three specific land parcels in Cheshire to the town at a cost equal only to administrative fees.
- Expands the list of allowed reasons for selling the land to include economic development, medical facilities, housing projects, or open space preservation.
- Extends the deadline for the town to sell the land until July 1, 2031.
- Requires that if the town does not sell the land by the new deadline, ownership returns to the state of Connecticut.
- Mandates that any sale price must equal the fair market value based on the average of two independent appraisals.
Who It Names or Affects
- The Town of Cheshire
- The Commissioner of Transportation
- The State Properties Review Board
Terms To Know
- Conveyance
- The legal act of transferring ownership of land from one party to another.
- Revert
- To return property or rights back to the original owner, in this case, the state.
- Fair Market Value
- The price determined by averaging two independent appraisals of the land.
Limits and Unknowns
- The law does not specify an effective date other than stating it is effective from passage.
- The exact final size of each parcel will be determined by the Commissioner, though approximate sizes are listed in the bill.
- Any funds received from a sale must go to the State Treasurer for deposit in the Special Transportation Fund.