§ 2851. Establishment
§ 2851. Establishment Vermont Honor Scholarships are hereby established for secondary school seniors who plan to attend an approved postsecondary education institution. (Added 1965, No. 198, § 6(a); amended 1999, No. 24, § 2, eff. May 19, 1999; 2003, No. 86 (Adj. Sess.), § 17.)
§ 2842. Eligibility
§ 2842. Eligibility (a) To qualify for an incentive grant for the first year of undergraduate study, a student must be in attendance at an approved postsecondary education institution or be accepted for admission and be enrolled as a full-time or part-time student at such an institution. For each year following the first year of […]
§ 2833. Meetings; quorum
§ 2833. Meetings; quorum The Board shall hold regular meetings and such special meetings as it deems necessary. A majority of the directors shall constitute a quorum for the transaction of any business unless the bylaws of the Corporation require a larger number. (Added 1965, No. 198, § 4(e); amended 2003, No. 86 (Adj. Sess.), […]
§ 2834. Powers and duties
§ 2834. Powers and duties (a) The Board has the power to adopt rules, regulations, policies, and procedures not inconsistent with law, governing the application for and the origination, servicing, and repayment of loans, the awarding of grants to students, and the Corporation’s other activities and programs. (b) [Repealed.] (Added 1965, No. 198, § 4(h), […]
§ 2835. Controls, audits, and reports
§ 2835. Controls, audits, and reports (a) Control of funds appropriated and all procedures incident to the carrying out of the purposes of this chapter shall be vested in the Board. (b) The books of account of the Corporation shall be audited annually by an independent public accounting firm registered in the State of Vermont […]
§ 2841. Establishment; rules
§ 2841. Establishment; rules A need-based grant program is hereby established to aid students who need financial assistance and are pursuing undergraduate studies and give promise of completing satisfactorily a degree program or who have been accepted for admission to an approved postsecondary education institution for undergraduate studies. The Board may establish rules, regulations, and […]
§ 2825. Tax exemptions
§ 2825. Tax exemptions All real and personal property of the Corporation is exempt from taxation. All bonds, notes, and other obligations issued pursuant to this chapter are issued by a body corporate and public of this State and for an essential public and governmental purpose and those bonds, notes, and other obligations, and the […]
§ 2826. Statutory purposes
§ 2826. Statutory purposes (a) The statutory purpose of the exemption for interest income from Vermont Student Assistance Corporation bonds in section 2825 of this title is to lower the cost of borrowing in order to finance education loan programs. (b) The statutory purpose of the exemption for Vermont Student Assistance Corporation property tax in […]
§ 2827. Confidentiality of personally identifying information
§ 2827. Confidentiality of personally identifying information Except as otherwise provided by law, or by consent of the individual identified in the record, information that directly or indirectly identifies applicants, recipients, beneficiaries, or participants in programs administered by the Corporation, including grant, loan, scholarship, outreach, or investment plan programs, is exempt from public inspection and […]
§ 2831. Membership; vacancies
§ 2831. Membership; vacancies The Corporation shall be governed and all of its powers exercised by a Board of Directors consisting of 11 members. The Governor shall appoint five members as follows: one person to be the financial aid officer of an institution of postsecondary education in the State of Vermont; one person to be […]