Substitute House Bill No. 5581 amends a prior conveyance of a parcel of state land to the town of Rocky Hill, specifically altering the terms under which the land is to be conveyed. The bill removes the requirement for the town to pay the fair market value of the property, which was previously determined by the average of appraisals from two independent appraisers. Instead, the town will only incur the administrative costs associated with the conveyance. The parcel, approximately 5.3 acres and identified as located at 1090 Maple Street, will be conveyed subject to the approval of the State Properties Review Board.

Additionally, the bill introduces new stipulations regarding the use of the land. The town of Rocky Hill is required to use the parcel for open space or passive recreational purposes. If the town fails to use the land for these specified purposes, does not retain ownership, or leases any part of the parcel, the land will revert to the state of Connecticut. This change aims to ensure that the land is utilized for community benefit while also allowing the state to regain control if the conditions are not met. The bill is expected to reduce costs for Rocky Hill while potentially impacting the town's asset management.