§ 4754. Loan application
§ 4754. Loan application A municipality may apply for a loan, the proceeds of which shall be used to acquire, design, plan, construct, enlarge, repair, or improve a clean water project, public water supply systems as defined in subdivision 4752(9) of this title, or a solid waste handling and disposal facility, or certain privately-owned clean […]
§ 4755. Loan; loan agreements; general provisions
§ 4755. Loan; loan agreements; general provisions (a) Except as provided by subsection (c) of this section, the Bond Bank may make loans to a municipality on behalf of the State for one or more of the purposes set forth in section 4754 of this chapter. Each of the loans shall be made subject to […]
§ 4756. Eligibility certification
§ 4756. Eligibility certification (a) No construction loan or loan for the purchase of land or conservation easements to a municipality shall be made under this chapter, nor shall any part of any revolving fund that is designated for project construction be expended under section 4757 of this title, until such time as: (1) The […]
§ 4757. Revolving loan funds; additional uses
§ 4757. Revolving loan funds; additional uses In addition to providing a source of funds from which loans may be made to municipalities under this chapter, each fund created under section 4753 of this chapter may be used for one or more of the following purposes: (1) To make loans, to refund bonds or notes […]
§ 4751. Declaration of policy
§ 4751. Declaration of policy It is hereby declared to be in the public interest to foster and promote timely expenditures by municipalities for water systems, clean water projects, and solid waste management, each of which is declared to be an essential governmental function when undertaken and implemented by a municipality. It is also declared […]
§ 4752. Definitions
§ 4752. Definitions As used in this chapter: (1) “Agency” means the Agency of Natural Resources. (2) “Bond Bank” means the Vermont Municipal Bond Bank established by section 4571 of this title. (3) “Municipality” means any city, town, village, town school district, incorporated school district, union school district, or other school district, fire district, consolidated […]
§ 4753. Revolving loan funds; authority to spend; report
§ 4753. Revolving loan funds; authority to spend; report (a) There is hereby established a series of special funds to be known as: (1) The Vermont Environmental Protection Agency (EPA) Pollution Control Revolving Fund, which shall be used, consistent with federal law, to provide loans for planning and construction of clean water projects, including acquisitions […]
§ 4753a. Awards from revolving loan funds
§ 4753a. Awards from revolving loan funds (a) Pollution control. The General Assembly shall approve all categories of awards made from the special funds established by section 4753 of this title for water pollution abatement and facility construction, in order to assure that such awards conform with State policy on water quality and pollution abatement, […]
§ 4705. Notice on default
§ 4705. Notice on default Before declaring the principal of notes or bonds due and payable, the trustee must first give 30 days’ notice in writing to the Governor, the Bank, the State Treasurer, and the Attorney General of the State. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)
§ 4706. Personal liability
§ 4706. Personal liability Neither the members of the Bank nor any person executing bonds or notes issued under this chapter are liable personally on the bonds or notes. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)