House Bill No. 5573 proposes the conveyance of a 0.22-acre parcel of state land located at 174 North Elm Street in Torrington to the city of Torrington. The bill stipulates that the Commissioner of Transportation will transfer the land at a cost equal to the administrative expenses associated with the conveyance. The parcel is subject to an existing easement for access by the State of Connecticut's Department of Transportation. The conveyance requires approval from the State Properties Review Board and will remain under the care of the Department of Transportation until the transfer is finalized.

The city of Torrington is mandated to use the land for open space and to relocate a trail. If the city fails to utilize the land for these purposes, does not maintain ownership, or leases any part of it, the land will revert back to the state. The bill also includes provisions for the State Treasurer to execute necessary deeds for the conveyance. Additionally, the fiscal impact indicates that the state will lose an asset valued at approximately $29,100, while the city will incur costs for the conveyance but will gain the use of the land. House Amendment "A" made minor changes to the bill without affecting its fiscal implications.