The bill under consideration, Substitute Senate Bill No. 458, proposes the conveyance of two parcels of state land to the town of Windsor. The Commissioner of Transportation is directed to convey these parcels at a cost equal to their fair market value, as determined by the average of appraisals from two independent appraisers, in addition to the administrative costs of the conveyance. The first parcel is approximately 0.08 acres or 3,578 square feet, and the second parcel is roughly 0.005 acres or 223 square feet. The conveyance is subject to the approval of the State Properties Review Board, and the State Treasurer is responsible for executing any necessary deeds or instruments. The Department of Transportation will handle all other aspects of the conveyance, and any funds received from the sale will be transferred to the Special Transportation Fund.

The fiscal impact of the bill indicates that the Department of Transportation (DOT) will potentially incur costs and lose an asset, while the Special Transportation Fund will gain revenue from the sale. The town of Windsor will bear the cost of the conveyance and gain the asset. It is noted that the land was originally acquired using federal funds, and any modification of use or conveyance requires approval from the Federal Highway Administration (FHWA). If the FHWA does not approve a modified agreement, the DOT may need to reimburse the FHWA for a portion of the land's current value, resulting in an unknown cost to the DOT. The bill's actions are one-time in nature, with future control of the asset subject to municipal decisions.