The bill, Substitute House Bill No. 5520, with File No. 584, proposes the conveyance of a parcel of state land in the town of Berlin to Meriden Homestead II, LLC. The land, approximately 2.7 acres in size, is part of a larger parcel identified as parcel number 27-3-153-35 in the town of Berlin Tax Assessor's records. The conveyance will be at a cost equal to the fair market value of the property, as determined by the average of appraisals from two independent appraisers selected by the Commissioner of Energy and Environmental Protection, plus administrative costs and appropriate damages for encroachment as per section 52-560a of the general statutes. The bill includes an insertion of the title "SURVEY PREPARED FOR STATE OF CONNECTICUT" and specifies that the conveyance is subject to the approval of the State Properties Review Board.

The fiscal impact of the bill indicates that the Department of Energy and Environmental Protection will experience a loss of an asset, while the General Fund will gain revenue equivalent to the fair market value of the property. The bill also states that the recipient must pay appropriate damages under CGS 52-560a, which is not expected to have a fiscal impact beyond the revenues from the damages that would be awarded regardless of the conveyance. The State Properties Review Board must review and approve the land conveyance, and the control of the asset will continue into the future as described. The Office of Legislative Research does not analyze Special Acts but provides information on conveyances in an annual report, with the report for 2024 being OLR Report 2024-R-0075.