The bill, General Assembly Raised Bill No. 5579, amends a previous conveyance of state land to the town of Cheshire, specifically Special Act 19-4. It authorizes the Commissioner of Transportation to convey three parcels of land to Cheshire at a cost covering only the administrative expenses of the conveyance. The parcels vary in size, with the largest being approximately 43.6 acres. The conveyance is contingent upon approval from the State Properties Review Board, and the town is required to sell the parcels for specific purposes, including economic development, the development of a medical facility, housing, or the preservation of open space.

Significantly, the bill expands the permissible uses for which the town can sell the land and extends the deadline for such sales by an additional five years, now requiring that the parcels be sold for one or more of the specified purposes before July 1, 2031. If the town fails to do so, the parcels will revert to the state. The sale price must reflect the fair market value as determined by independent appraisals, and any funds generated from the sale will be directed to the State Treasurer for deposit in the Special Transportation Fund.