§ 4577. Staff
§ 4577. Staff The Bank may employ such officers, agents, and employees as it may require and determine their qualifications, terms of office, duties, and compensation all without regard to 3 V.S.A. chapter 13. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)
§ 4572. Membership; vacancies
§ 4572. Membership; vacancies The Bank established by section 4571 of this title shall consist of the following five directors: the State Treasurer, or his or her designee, who shall be a director ex officio, and four directors appointed by the Governor with the advice and consent of the Senate for terms of two years. […]
§ 4573. Removal from office; oath
§ 4573. Removal from office; oath Each director may be removed from office by the Governor, for cause, after a public hearing, and may be suspended by the Governor pending the completion of the hearing. Each director before entering upon his or her duties shall take and subscribe an oath to perform the duties of […]
§ 4574. Officers; quorum
§ 4574. Officers; quorum The directors shall elect one of their number as chair. The directors shall elect a secretary and a treasurer who need not be directors, and the same person may be elected to serve both as secretary and treasurer. The powers of the Bank are vested in the directors thereof and three […]
§ 4575. Bonding of members
§ 4575. Bonding of members Before the issuance of any bonds or notes under this chapter, each director of the Bank shall execute a surety bond in the penal sum of $25,000.00 and the treasurer of the Bank shall execute a surety bond in the penal sum of $50,000.00. Each surety bond shall be conditioned […]
§ 4576. Compensation; expenses
§ 4576. Compensation; expenses The directors of the Bank shall receive a per diem compensation in the amount of $30.00 for each day devoted to official duties and reimbursement for actual expenses necessarily incurred in the discharge of their duties. Notwithstanding any other law, an officer or employee of the State shall not be deemed […]
§ 4571. Establishment
§ 4571. Establishment There is hereby established a body corporate and politic, with corporate succession, to be known as the “Vermont Municipal Bond Bank.” The Bank is hereby constituted as an instrumentality exercising public and essential governmental functions, and the exercise by the Bank of the powers conferred by this chapter are deemed to be […]
§ 4571a. Reports
§ 4571a. Reports The Vermont Municipal Bond Bank shall prepare and submit, consistent with 2 V.S.A. § 20(a), a report on activities for the preceding calendar year, pursuant to section 4594 of this title. (Added 2003, No. 122 (Adj. Sess.), § 294i.)