§ 280t. Security agreements securing borrower obligations; pledges of general revenues or project revenues
§ 280t. Security agreements securing borrower obligations; pledges of general revenues or project revenues (a) Governmental obligations may be secured by one or more security agreements between the governmental unit and a corporate trustee, which may be a trust company or bank having the powers of a trust company within or without the State, or […]
§ 280u. Guarantees; other credit enhancement
§ 280u. Guarantees; other credit enhancement (a) The Board may provide guarantees secured solely by, or purchase of insurance or other enhancements through, amounts on deposit in the program, to qualified borrowers in accordance with the provisions of this section. (b) All of the assets and obligations directly covered by guarantees or other forms of […]
§ 280v. Termination of the Program; remaining assets and liabilities
§ 280v. Termination of the Program; remaining assets and liabilities The Program shall continue until terminated by law; provided, however, that no such law shall take effect so long as there shall be outstanding bonds secured by the fund unless adequate provision has been made for the payment or satisfaction thereof. Upon termination of the […]
§ 280w. Records of receipts, expenditures, and disbursements
§ 280w. Records of receipts, expenditures, and disbursements The Authority, in cooperation with the Agency, shall at all times keep full and accurate accounts of all receipts, expenditures, and disbursements from the Program and all assets and liabilities of the Program incurred pursuant to this subchapter that shall be open to inspection by any officer […]
§ 280x. Obligations; credit of the State not pledged
§ 280x. Obligations; credit of the State not pledged Obligations issued under the provisions of this subchapter shall not be deemed to constitute a debt or liability of the State. Each obligation issued under this subchapter shall contain on the face thereof a statement to the effect that the Authority shall not be obligated to […]
§ 280y. Public records
§ 280y. Public records The Authority shall establish policies and procedures to ensure that information relating to the cost of any qualified project is considered a public record, and subject to the provisions of 1 V.S.A. chapter 5, subchapter 2. (Added 1997, No. 43, § 1.)
§ 280j. Powers and duties of the Secretary
§ 280j. Powers and duties of the Secretary The Secretary is authorized and directed to take all necessary or incidental actions to secure for the State the benefits of ISTEA and the NHS Act, and any similar programs, including exercise of the powers: (1) to cooperate with appropriate federal agencies in all matters related to […]
§ 280k. Powers and duties of the Program
§ 280k. Powers and duties of the Program The Program is authorized and directed to take all necessary or incidental actions to secure for the State the benefits of ISTEA and the NHS Act, and any similar programs, including exercise of the powers: (1) to establish and collect such fees, charges, and interest rates in […]
§ 280l. Applications for financial assistance
§ 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, […]
§ 280m. Loan and lease terms
§ 280m. Loan and lease terms (a) The Board shall determine the form and content of any borrower obligation, including the term and rate or rates of interest on any loan or lease. (b) Notwithstanding subsection (a) of this section, loans and leases financed through the application of federal monies pursuant to 23 U.S.C. § […]