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
001
:
COMMUNITY DEVELOPMENT ACT
(Cite as: 10 V.S.A. § 687)
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§ 687. Allocation system
The Secretary, with the advice and assistance of the Board, shall establish a system
for the allocation of community development program funds.
(1) The allocation system shall be based on the intent, purpose, goal, and objectives
of this subchapter.
(2) The allocation system shall be competitive and shall provide the opportunity for any
eligible municipality or municipalities to compete for funding for community development
projects.
(3) The system shall ensure that a wide range of community development activities shall
be eligible for funding. These may include:
(A) the acquisition, rehabilitation, or expansion of housing;
(B) the creation, expansion, or retention of employment through the stimulation of private
investment and community revitalization;
(C) the installation, rehabilitation, or replacement of public facilities;
(D) activities that test the feasibility of innovative approaches to community development;
(E) activities that provide timely responses to unpredictable circumstances or special
development opportunities.
(4) The allocation system shall include a method through which the need for, and impact
of, the projects proposed by municipalities shall be measured and shall establish
a process for evaluation of the applications. (Added 1983, No. 10, § 1, eff. March 18, 1983.)