Vermont Statutes
Chapter 11 - Union School Districts
§ 718. Transfer of real property to town in which it is located

§ 718. Transfer of real property to town in which it is located
If the original voter-approved articles of agreement require sale of real property to the town in which the property is located and the sale is scheduled to occur after the operational date, or if after the operational date and after completing any statutory and contractual prerequisites the union school district offers to sell any of its real property to the town in which the property is located, then the town may assume title to the real property for a price that is less than the fair market value only as follows:
(1) The conveyance to the town shall be made subject to all encumbrances of record, the assumption or payment of all outstanding bonds and notes, and the repayment of any school construction aid or grants that may be required by law if any such obligation was incurred before the operational date.
(2) The conveyance to the town shall be conditioned upon the town owning and using the real property for community and public purposes for a minimum of five years.
(3) If the town sells the real property prior to five years of ownership, then the town shall compensate the union school district for all capital improvements and renovations initiated after the operational date and prior to the sale to the town. (Added 2021, No. 176 (Adj. Sess.), § 3, eff. June 7, 2022.)

Structure Vermont Statutes

Vermont Statutes

Title 16 - Education

Chapter 11 - Union School Districts

§ 701. Policy

§ 702. Definitions

§ 703. Application of other laws and articles of agreement

§ 706. Proposal to form study committee; budget and membership

§ 707. Approval of study budget; appointment of study committee; participation

§ 708. Study committee; necessary and advisable districts; contents of study committee report and proposed articles; dissolution of committee

§ 709. Review by local school district boards; consideration and approval by State Board of Education

§ 710. Vote to form union school district

§ 711. Vote to elect initial members of the union school district board

§ 712. Contents of warning on votes to establish the union school district and elect the initial members of the union school district board

§ 713. Certification of votes; designation of district as union school district; recording by Secretary of State

§ 714. Initial members of union school district board; tallying of at-large votes; oath of office and assumption of duties

§ 715. Organizational meeting; notice; business to be transacted

§ 716. Transition to full operations

§ 717. Dissolution, reorganization, and discontinuation of forming districts

§ 718. Transfer of real property to town in which it is located

§ 719. Supervisory union; supervisory district

§ 721. Joining an existing union school district

§ 722. Amendments to articles of agreement

§ 723. Decision to vote by Australian ballot

§ 724. Withdrawal from or dissolution of a unified union school district

§ 725. Withdrawal from or dissolution of a union elementary or union high school district

§ 729. Board members; term; conduct of meetings; quorum and voting; powers and duties

§ 730. Unified union school district board members; nomination and election; bond

§ 731. Vacancy on unified union school district board

§ 732. Unified union school district budget; preparation and authorization

§ 733. Annual report; data

§ 735. Officers; election; term; vacancy; bond

§ 736. Officers; powers, duties, and liabilities

§ 737. Warnings of unified union school district meetings

§ 738. Checklist for union district meetings where voting is conducted from the floor

§ 739. Conduct of vote if by Australian ballot

§ 740. Preparation and form of Australian ballot

§ 741. Counting of Australian ballots

§ 742. Commingling and reporting of all votes cast by Australian Ballot and from the floor

§ 743. Bond issues; debt limit

§ 745. Definitions

§ 747. Board members; term; conduct of meetings; quorum and voting; powers and duties

§ 748. Union elementary and union high school district board members; nomination and election; bond

§ 749. Vacancy on union elementary or union high school district board

§ 750. Union elementary or union high school district budget; preparation and authorization

§ 751. Annual report; data

§ 753. Officers; election; term; vacancy; bond

§ 754. Officers; powers, duties, and liabilities

§ 755. Warnings of union elementary and union high school district meetings

§ 756. Union district meetings conducted from the floor

§ 757. Conduct of vote if by Australian ballot

§ 758. Preparation and form of Australian ballot

§ 759. Counting and reporting results of vote by Australian ballot

§ 760. Bond issues; debt limit

§ 763. Ratification; articles of agreement; application of chapter

§ 764. Secretary of State; recording certificates