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. § 4763a)
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§ 4763a. Loans to municipalities for privately owned potable water supplies
When a household has been involuntarily disconnected from a public water supply system
and that disconnection did not occur as a result of nonpayment of fees, a loan may
be made to a municipality from the Vermont Drinking Water Revolving Loan Fund, established
in section 4753 of this title, for the design, land acquisition if necessary, and construction of a potable water
supply, as that term is defined in 10 V.S.A. chapter 64. In such cases, the following conditions shall apply:
(1) Guaranteed repayment of the loan will be based on a municipal bond, but actual repayment
may be made with funds from the owner of the potable water supply, as set forth in
an agreement between the owner and the municipality.
(2) All conditions and limitations of section 4755 of this title shall apply to loans made under this section.
(3) No loan shall be made to a municipality under this section nor shall any part of any
revolving loan made under this section be expended until both of the following take
place:
(A) The Secretary certifies to the Bond Bank that the wastewater system and potable water
supply permit necessary for the design and construction of the proposed potable water
supply to be financed by the loan have been issued to the owner of the supply.
(B) The applicant municipality certifies to the Bond Bank that the owner of the proposed
potable water supply has secured all State and federal permits, licenses, and approvals
necessary to construct and operate the improvements to be financed by the loan. (Added 2011, No. 104 (Adj. Sess.), § 28f, eff. May 7, 2012; amended 2017, No. 185 (Adj. Sess.), § 8, eff. May 28, 2018.)