The bill, Substitute House Bill No. 5575, proposes the conveyance of a 6.49-acre parcel of state land located at 784 River Road in Shelton to the city of Shelton for a purchase price of $350,000, plus administrative costs. This transfer is contingent upon the approval of the State Properties Review Board. The state will retain an easement on the property to allow the Department of Energy and Environmental Protection to maintain monitoring wells and conduct post-closure monitoring activities related to an adjacent closed landfill. The bill also stipulates that the State Properties Review Board must complete its review within thirty days of receiving a proposed agreement from the Department of Administrative Services.

In terms of fiscal impact, the state will lose an asset valued at approximately $565,000 but will gain $350,000 in revenue from the sale. The city of Shelton will benefit from the acquisition of the land while incurring the administrative costs associated with the conveyance. The bill includes new legal language that establishes the terms of the conveyance and the responsibilities of the involved parties, while also deleting any conflicting provisions in current law. The act is set to take effect upon passage.