Bill H.471 proposes the transfer of ownership of the Randall Meadow property located in Waterbury, Vermont. This transfer is contingent upon the completion of necessary engineering modifications aimed at creating a deeper floodway on the property, which is intended to enhance flood response and resilience in the area.

The bill is part of a broader effort to address internal security and public safety, specifically focusing on emergency management and flood-related issues. By facilitating this property transfer, the legislation aims to improve the state's capacity to manage flood risks and ensure the safety of the community.