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Statutes > Vermont > Title-29 > Chapter-5 > 160

§ 160. Property management revolving fund

(a) There is established a property management revolving fund to provide space for office accommodations and other related purposes for which space is not available in buildings owned by the state. Space may be provided through the fund for such departments or programs as the secretary of administration determines, except that space requirements for the department of forests, parks and recreation, the department of fish and wildlife, the department controlling buildings designated as historic sites, the military department, and the department of labor shall be covered by this section only by executive order of the governor.

(b) The fund shall consist of:

(1) moneys which are appropriated to the fund, or which are paid to it under authorization of the emergency board;

(2) the proceeds of rental income received by the department of buildings and general services from the leasing of property under its supervision; and

(3) fees to be paid by departments and agencies which shall be fixed by the commissioner of buildings and general services subject to the approval of the secretary of administration, based on rentals, janitorial services, supplies and other expenses necessarily incurred in providing space for such agencies.

(c) Moneys from the fund shall be expended for rental of property for the purposes contemplated herein, and to defray the cost of custodial services and other expenses necessary to the proper use and enjoyment of such premises by the occupant. Moneys from the fund may also be expended for management of buildings and property under the jurisdiction of the department of buildings and general services including but not limited to inventory, appraisal, space study and allocation, and renovations. Cost of studies, renovations, alterations, and modifications shall not exceed $50,000.00 unless approved by the secretary of administration.

(d) The department of buildings and general services shall be responsible for administering the interest of the state in all existing leases and rentals for purposes which are designated in subsection (a) of this section in which the state is either a landlord or a tenant and where the name of another department or agency appears in any such lease, the department of buildings and general services shall serve as the representative of that agency with all rights and responsibilities therein provided. All leases, rentals or renewals for the benefit of departments or agencies to which this section applies shall, beginning on July 1, 1969, be made and executed by and in the name of the commissioner of buildings and general services.

(e) The commissioner of buildings and general services shall supervise the receipt and expenditure of moneys comprising the property management revolving fund, subject to the provisions of this section. He or she shall maintain accurate and complete records of all such receipts and expenditures, and shall make an annual report on the condition of the fund to the secretary of administration. All balances remaining at the end of a fiscal year shall be carried over to the following year. (Added 1969, No. 60; amended 1977, No. 247 (Adj. Sess.), § 184; 1981, No. 66, § 5, eff. May 1, 1981; 1983, No. 147 (Adj. Sess.), § 4, eff. April 11, 1984; No. 158 (Adj. Sess.), eff. April 13, 1984; 1985, No. 242 (Adj. Sess.), § 307; 1995, No. 148 (Adj. Sess.), § 4(b), eff. May 6, 1996; 2005, No. 103 (Adj. Sess.), § 3, eff. April 5, 2006; 2007, No. 121 (Adj. Sess.), § 21; 2009, No. 33, § 55.)

State Codes and Statutes

Statutes > Vermont > Title-29 > Chapter-5 > 160

§ 160. Property management revolving fund

(a) There is established a property management revolving fund to provide space for office accommodations and other related purposes for which space is not available in buildings owned by the state. Space may be provided through the fund for such departments or programs as the secretary of administration determines, except that space requirements for the department of forests, parks and recreation, the department of fish and wildlife, the department controlling buildings designated as historic sites, the military department, and the department of labor shall be covered by this section only by executive order of the governor.

(b) The fund shall consist of:

(1) moneys which are appropriated to the fund, or which are paid to it under authorization of the emergency board;

(2) the proceeds of rental income received by the department of buildings and general services from the leasing of property under its supervision; and

(3) fees to be paid by departments and agencies which shall be fixed by the commissioner of buildings and general services subject to the approval of the secretary of administration, based on rentals, janitorial services, supplies and other expenses necessarily incurred in providing space for such agencies.

(c) Moneys from the fund shall be expended for rental of property for the purposes contemplated herein, and to defray the cost of custodial services and other expenses necessary to the proper use and enjoyment of such premises by the occupant. Moneys from the fund may also be expended for management of buildings and property under the jurisdiction of the department of buildings and general services including but not limited to inventory, appraisal, space study and allocation, and renovations. Cost of studies, renovations, alterations, and modifications shall not exceed $50,000.00 unless approved by the secretary of administration.

(d) The department of buildings and general services shall be responsible for administering the interest of the state in all existing leases and rentals for purposes which are designated in subsection (a) of this section in which the state is either a landlord or a tenant and where the name of another department or agency appears in any such lease, the department of buildings and general services shall serve as the representative of that agency with all rights and responsibilities therein provided. All leases, rentals or renewals for the benefit of departments or agencies to which this section applies shall, beginning on July 1, 1969, be made and executed by and in the name of the commissioner of buildings and general services.

(e) The commissioner of buildings and general services shall supervise the receipt and expenditure of moneys comprising the property management revolving fund, subject to the provisions of this section. He or she shall maintain accurate and complete records of all such receipts and expenditures, and shall make an annual report on the condition of the fund to the secretary of administration. All balances remaining at the end of a fiscal year shall be carried over to the following year. (Added 1969, No. 60; amended 1977, No. 247 (Adj. Sess.), § 184; 1981, No. 66, § 5, eff. May 1, 1981; 1983, No. 147 (Adj. Sess.), § 4, eff. April 11, 1984; No. 158 (Adj. Sess.), eff. April 13, 1984; 1985, No. 242 (Adj. Sess.), § 307; 1995, No. 148 (Adj. Sess.), § 4(b), eff. May 6, 1996; 2005, No. 103 (Adj. Sess.), § 3, eff. April 5, 2006; 2007, No. 121 (Adj. Sess.), § 21; 2009, No. 33, § 55.)


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State Codes and Statutes

Statutes > Vermont > Title-29 > Chapter-5 > 160

§ 160. Property management revolving fund

(a) There is established a property management revolving fund to provide space for office accommodations and other related purposes for which space is not available in buildings owned by the state. Space may be provided through the fund for such departments or programs as the secretary of administration determines, except that space requirements for the department of forests, parks and recreation, the department of fish and wildlife, the department controlling buildings designated as historic sites, the military department, and the department of labor shall be covered by this section only by executive order of the governor.

(b) The fund shall consist of:

(1) moneys which are appropriated to the fund, or which are paid to it under authorization of the emergency board;

(2) the proceeds of rental income received by the department of buildings and general services from the leasing of property under its supervision; and

(3) fees to be paid by departments and agencies which shall be fixed by the commissioner of buildings and general services subject to the approval of the secretary of administration, based on rentals, janitorial services, supplies and other expenses necessarily incurred in providing space for such agencies.

(c) Moneys from the fund shall be expended for rental of property for the purposes contemplated herein, and to defray the cost of custodial services and other expenses necessary to the proper use and enjoyment of such premises by the occupant. Moneys from the fund may also be expended for management of buildings and property under the jurisdiction of the department of buildings and general services including but not limited to inventory, appraisal, space study and allocation, and renovations. Cost of studies, renovations, alterations, and modifications shall not exceed $50,000.00 unless approved by the secretary of administration.

(d) The department of buildings and general services shall be responsible for administering the interest of the state in all existing leases and rentals for purposes which are designated in subsection (a) of this section in which the state is either a landlord or a tenant and where the name of another department or agency appears in any such lease, the department of buildings and general services shall serve as the representative of that agency with all rights and responsibilities therein provided. All leases, rentals or renewals for the benefit of departments or agencies to which this section applies shall, beginning on July 1, 1969, be made and executed by and in the name of the commissioner of buildings and general services.

(e) The commissioner of buildings and general services shall supervise the receipt and expenditure of moneys comprising the property management revolving fund, subject to the provisions of this section. He or she shall maintain accurate and complete records of all such receipts and expenditures, and shall make an annual report on the condition of the fund to the secretary of administration. All balances remaining at the end of a fiscal year shall be carried over to the following year. (Added 1969, No. 60; amended 1977, No. 247 (Adj. Sess.), § 184; 1981, No. 66, § 5, eff. May 1, 1981; 1983, No. 147 (Adj. Sess.), § 4, eff. April 11, 1984; No. 158 (Adj. Sess.), eff. April 13, 1984; 1985, No. 242 (Adj. Sess.), § 307; 1995, No. 148 (Adj. Sess.), § 4(b), eff. May 6, 1996; 2005, No. 103 (Adj. Sess.), § 3, eff. April 5, 2006; 2007, No. 121 (Adj. Sess.), § 21; 2009, No. 33, § 55.)


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