H.147 proposes the establishment of the Recreational Trails Compensation Study Committee in Vermont, tasked with reviewing whether real property owners who permit public recreational trails on their land should receive compensation or other benefits. The committee will consist of various members, including state commissioners, representatives from relevant organizations, and private landowners, and will have the authority to invite additional non-voting participants. The committee's responsibilities include assessing current practices regarding private property use for trails, evaluating the economic impact of recreational trail access, and investigating compensation practices in other jurisdictions.

The bill outlines specific powers and duties for the committee, including summarizing costs incurred by property owners, recommending compensation sources, and ensuring that trail development meets minimum standards. The committee is required to submit a report with findings and recommendations to the General Assembly by December 15, 2026, and will be supported by the Department of Forests, Parks and Recreation. Additionally, the bill appropriates $250,000 for fiscal year 2026 to assist with the evaluation of the outdoor recreation industry's economic impact and the committee's operations. The act is set to take effect on July 1, 2025.