32 V.S.A. § 8396 — Reducing tax claims in reorganization plans

In the event that a plan for the financial reorganization of any such railroad corporation
shall be proposed, involving as an element thereof, a compromise or reduction of the
claim of the State for unpaid taxes, and notice thereof, together with the details
of such plan or reorganization, including the method proposed for the liquidation
of such claim for taxes be given to the Governor, he or she shall forthwith refer
the matter to such Commission, which, with the assistance of the Attorney General,
shall investigate the same and certify its findings in respect thereto to the Governor
in writing, together with its recommendations thereon.