2005 Vermont Code - § 7703. — Fund established

§ 7703. Fund established

An adaptive equipment revolving fund is established to make loans to qualified borrowers and, to the extent possible resources permit, award grants to be used to acquire adaptive equipment. The fund shall consist of moneys appropriated to the fund, repayments of principal and interest by qualified borrowers and interest earned by the fund. The board may accept grants, contributions and loans to the fund with the approval of the joint fiscal committee. In any fiscal year the agency may use a maximum of ten percent of the fund balance for administration of this chapter. (Added 1989, No. 206 (Adj. Sess.), § 1.)