§ 4763a. Loans to municipalities for privately owned potable water supplies
§ 4763a. Loans to municipalities for privately owned potable water supplies When a household has been involuntarily disconnected from a public water supply system and that disconnection did not occur as a result of nonpayment of fees, a loan may be made to a municipality from the Vermont Drinking Water Revolving Loan Fund, established in […]
§ 4763b. Loans to individuals for failed wastewater systems and failed potable water supplies
§ 4763b. Loans to individuals for failed wastewater systems and failed potable water supplies (a) Notwithstanding any other provision of law, when the wastewater system or potable water supply serving only single-family and multifamily residences either meets the definition of a failed supply or system in 10 V.S.A. § 1972 or is demonstrated by a […]
§ 4763c. Loans to municipalities for municipal public water supply systems
§ 4763c. Loans to municipalities for municipal public water supply systems (a) The Secretary may certify to the Vermont Municipal Bond Bank established by section 4571 of this title the award of a loan to a municipality to assist with a public water supply system project, when the Secretary finds that: (1) the project is […]
§ 4763d. Municipal match of federal revolving funds
§ 4763d. Municipal match of federal revolving funds (a) A municipality may choose to provide the State money necessary to match federal monies available to the Vermont EPA Drinking Water State Revolving Fund established by subdivision 4753(a)(3) of this title, and thereby become eligible to receive a loan from the Revolving Fund in the amount […]
§ 4758. Loan priorities
§ 4758. Loan priorities (a) Periodically, and at least annually, the Secretary shall prepare and certify to the Bond Bank a project priority list of those municipalities whose publicly or privately owned clean water projects are eligible for financing or assistance under this chapter. In determining financing availability for clean water projects under this subchapter, […]
§ 4759. Regulations
§ 4759. Regulations The Secretary and the Bond Bank may adopt rules and policies necessary to implement the provisions of this chapter in order to ensure the self-sustaining nature of the funds created under section 4753 of this chapter, and also to ensure compliance with the requirements of Title VI of the federal Clean Water […]
§ 4760. Contractual authority; reports
§ 4760. Contractual authority; reports (a) The Secretary and the Bond Bank may enter into agreements on behalf of the State with agencies of the United States of America as may be necessary to obtain grants and awards in furtherance of the stated purposes for which the loan funds created under section 4753 of this […]
§ 4761. Noncontestability
§ 4761. Noncontestability No action at law or in equity shall be brought or maintained that directly or indirectly challenges, attacks, or questions or in any manner contests the formation, or the existence as a body corporate and politic of any municipality whose bonds, notes, or other instruments of debt issued and held by the […]
§ 4762. Delinquent loan payments
§ 4762. Delinquent loan payments Delinquent loan payments due the bank under section 4755 of this title may, with an interest rate of ten percent per annum greater than the interest rate of the loan, be recovered by action in a court of competent jurisdiction against the political subdivision liable therefore or may be deducted, […]
§ 4753b. Acceptance of funds
§ 4753b. Acceptance of funds (a) The Commissioner of Environmental Conservation, with the approval of the Secretary of Natural Resources, may accept federal grants made available through the federal Clean Water Act and the federal Drinking Water Act in accordance with this chapter. Acceptance of this grant money is hereby approved, provided all notifications are […]