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
011
:
STATE INFRASTRUCTURE BANK PROGRAM
(Cite as: 10 V.S.A. § 280l)
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§ 280l. Applications for financial assistance
(a) Any qualified borrower may file an application with the Board to obtain financial
assistance from the Program. The application shall be filed in such manner and contain
or be accompanied by such information as the Program may require.
(b) In addition to other requirements prescribed by the Board, an application shall:
(1) describe the nature and purpose of the proposed transportation project, including
the need for the project and the reasons why the project is in the public interest;
(2) state the estimated costs of the project and the proposed sources of funding, if any,
in addition to the financial assistance being sought from the Program;
(3) state the economic development benefit;
(4) demonstrate that the project has the support of the regional planning commission or
the metropolitan planning organization, as the case may be, in which the project is
located, which support shall not be given unless the project is in conformance with
the regional plan;
(5) demonstrate conformance with Agency of Transportation design standards and level of
improvement policies; and
(6) demonstrate that the public benefits of the project outweigh its public costs.
(c) Before any financial assistance under this chapter is approved for an Agency of Transportation
project, the applicant shall demonstrate that:
(1) the project is part of the State’s current year transportation capital program approved
by the General Assembly under 19 V.S.A. § 10g(c); or
(2) if the Legislature is not in session, the project is approved by a committee, composed
of the Joint Fiscal Committee, the Chair of the House Committee on Transportation
or designee, and the Chair of the Senate Committee on Transportation or designee. (Added 1997, No. 43, § 1.)