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
004
:
PRIVATE LOANS FOR CLEAN WATER PROJECTS
(Cite as: 24 V.S.A. § 4783)
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§ 4783. Qualifications for eligibility; certification
No loan to an applicant shall be made under this subchapter until:
(1) The applicant has certified all of the following to VEDA:
(A) all State and federal permits and licenses necessary to undertake the project for
which financing has been sought will be obtained prior to the expenditure of construction
funds under the loan;
(B) the applicant has sufficient means to pay the principal and interest on the loans
and to pay any anticipated costs of operating and maintaining the financed project;
(C) if the applicant is subject to the jurisdiction of the Public Utility Commission under
30 V.S.A §§ 102 and 203(6), the applicant has obtained the following approvals, if such approvals are necessary
for the project, and has provided VEDA with copies of those approvals:
(i) the certificate of public good issued by the Public Utility Commission pursuant to
30 V.S.A. §§ 231 (public good) and 108 (approving the loan); and
(ii) the decision and order of the Public Utility Commission approving rates that are to
be charged by the applicant.
(D) the municipality or municipalities in which the clean water project is located have
provided a letter of support for the project.
(2) The Secretary has certified to VEDA that the applicant and the project qualify for
financing or assistance under section 4784 of this title and that the project has priority for receipt of financial assistance. (Added 2017, No. 185 (Adj. Sess.), § 11, eff. May 28, 2018.)