Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee endorses five‑year pilot to let BFA lease surplus DOT land to spur development
Summary
The House Executive Departments and Administration Committee moved SB 56 with an amendment creating a five‑year window for the Business Finance Authority to petition the Department of Transportation to transfer surplus land for long‑term leases intended to lower financing costs and encourage development; the amendment and a committee OTP passed 16‑0 and were placed on consent.
Representative Erica Leon, sponsor of the amendment to Senate Bill 56, told the House Executive Departments and Administration Committee that the measure would create a “surplus land revitalization program” giving the Business Finance Authority (BFA) a five‑year window to petition the Department of Transportation (DOT) to transfer title to state parcels deemed surplus for leasing or sale.
"This program is designed not only to give the Department of Transportation another option in disposing of their surplus land, it's also designed to make these parcels more attractive to potential developers," Leon said, describing the bill as modeled on existing law that permits transfers to the New Hampshire Housing…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
