The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
006
:
RECAPTURE OF DEVELOPMENT INCENTIVES
(Cite as: 3 V.S.A. § 2514)
-
§ 2514. Enforcement
(a) Any assessment made pursuant to this subchapter shall be a debt against the business,
or the successors in interest who are not bona fide purchasers as that term is defined
under the Uniform Commercial Code, 9A V.S.A., or the principles of the business, or
the applicants who applied for the benefit, or the promisors or guarantors who acted
as accommodation parties to facilitate the benefit.
(b) The Commissioner may file a security interest against the property of the business
or person liable under subsection (a) of this section.
(c) The Commissioner may bring a civil action in Washington County Superior Court against
any business or person set forth in subsection (a) of this section who fails to make
payment by the date set forth in section 2513 of this title and may seek from the court penalties of no more than $10,000.00 if that business
or person set forth in subsection (a) of this section has failed to provide the notice
required under section 2512 of this title. (Added 1993, No. 221 (Adj. Sess.), § 10.)