§ 280o. Issuance of revenue bonds
§ 280o. Issuance of revenue bonds (a) The Authority may issue bonds to finance or refinance any cost of a qualified project or provide other financial assistance, the proceeds of which are to be deposited in the Program, or used to refinance existing obligations (whether obligations of the Authority or another entity), used to fund […]
§ 280f. Applicability of general provisions
§ 280f. Applicability of general provisions The definitions under section 212 of this chapter shall not apply to this subchapter. (Added 1997, No. 43, § 1.)
§ 280g. State Infrastructure Bank Program; duties; powers
§ 280g. State Infrastructure Bank Program; duties; powers (a) The Board, in addition to any other powers and duties conferred or imposed on it by this chapter or any other law, shall have the following powers and duties: (1) to apply for, receive, administer, and comply with the conditions and requirements respecting any grant, gift, […]
§ 280h. Receipt and administration of Program funds
§ 280h. Receipt and administration of Program funds (a) The Authority shall receive in trust, hold, administer, and disburse in and from the Program exclusively for the benefit of the beneficiaries the following monies: (1) federal grants and awards or other federal assistance received by the Agency or the State and eligible for deposit therein […]
§ 280i. Disbursement and use of funds
§ 280i. Disbursement and use of funds (a) Subject to limitations under ISTEA and the NHS Act and other federal laws, other laws respecting the use of particular monies in the Program, and the provisions of any applicable trust agreement, amounts in the Program may be used only: (1) to provide financial assistance, including through […]
§ 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. § […]
§ 280n. Program Fund; accounts
§ 280n. Program Fund; accounts (a) A State Infrastructure Bank Program Fund is created as a special fund subject to the provisions of 32 V.S.A. chapter 7, subchapter 5. The Fund shall be administered by the Authority for the purposes of the Program, in accordance with the provisions of this subchapter. (b) The State Infrastructure […]