House Bill No. 5572 proposes the conveyance of a one-acre parcel of state land from the Department of Transportation to the town of Woodbury. This land, located on the easterly side of Route 6, is identified as part of a state highway right-of-way and includes memorial veterans monuments and a roadway known as Veterans Lane. The town will acquire the land at a cost equal to the administrative expenses associated with the conveyance, and the transfer is contingent upon the approval of the State Properties Review Board. The bill stipulates that the town must use the land for a commemorative memorial green, and if it fails to do so, does not retain ownership, or leases any part of the parcel, the land will revert back to the state.

Additionally, the bill includes provisions for the State Properties Review Board to complete its review within thirty days of receiving a proposed agreement from the Department of Transportation. The State Treasurer is tasked with executing any necessary deeds or instruments for the conveyance, which must include terms to ensure the land is used as intended. The fiscal impact indicates that while the state will lose an asset, the town of Woodbury will gain use of the land, with the potential for future municipal decisions affecting control of the asset. House Amendment "A" makes minor changes to the bill without any fiscal impact.