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
002
:
LOANS TO MUNICIPALITIES AND INDIVIDUALS
(Cite as: 24 V.S.A. § 4754)
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§ 4754. Loan application
A municipality may apply for a loan, the proceeds of which shall be used to acquire,
design, plan, construct, enlarge, repair, or improve a clean water project, public
water supply systems as defined in subdivision 4752(9) of this title, or a solid waste handling and disposal facility, or certain privately-owned clean
water projects as described in section 4763 of this title, or to implement a related management program. In addition, the loan proceeds shall
be used to pay the outstanding balance of any engineering planning advances made to
the municipal applicant under this chapter and determined by the Secretary to be due
and payable following construction of the improvements to be financed by the proceeds
of the loan. The Bond Bank may prescribe any form of application or procedure required
of a municipality for a loan hereunder. The application shall include such information
as the Bond Bank shall deem necessary for the purpose of implementing this chapter. (Added 1987, No. 75, § 1; amended 1987, No. 76, § 18; 1999, No. 148 (Adj. Sess.), § 53, eff. May 24, 2000; 2001, No. 109 (Adj. Sess.), § 12, eff. May 16, 2002; 2015, No. 103 (Adj. Sess.), § 28, eff. May 12, 2016; 2017, No. 185 (Adj. Sess.), § 4, eff. May 28, 2018.)