2011 Vermont Code
Title 16 Education
Chapter 131 EDUCATIONAL AND HEALTH BUILDINGS FINANCING AGENCY
§ 3852 Vermont educational and health buildings financing agency; creation; members
§ 3852. Vermont educational and health buildings financing agency; creation; members
(a) A board of 13 members known as the Vermont educational and health buildings financing agency is created. It is a body corporate and politic constituting a public instrumentality of the state. The commissioner of education, the secretary of human services, the state treasurer, or his or her designee, and the secretary of administration shall be members ex officio. The governor, with the advice and consent of the senate, shall appoint seven members for six-year terms. The members appointed by the governor shall appoint two additional members whose term of office shall be two years.
(b) The board shall select its chair and a vice chair, a treasurer, and a secretary. The term of the chair, vice chair, treasurer, and secretary shall be one year and they shall be elected at the first meeting of the board each fiscal year. All members of the board, except those ex officio, shall be entitled to reimbursement of their necessary expenses incurred in the performance of their official duties, and also to per diem compensation for their services subject to approval of the governor.
(c) Notwithstanding subsection (a) of this section, to the first board the governor shall appoint two members to serve until February 1, 1968, two members to serve until February 1, 1970, and three members to serve until February 1, 1972, and the additional members to be appointed by the members appointed by the governor shall serve until February 1, 1968.
(d) Notwithstanding any general or special law to the contrary, the provisions of chapter 73 of Title 8 shall not apply to the agency or to any loan heretofore or hereafter made by the agency in accordance with this title. (Added 1966, No. 56 (Sp. Sess.), { 3, eff. March 12, 1966; amended 1969, No. 224 (Adj. Sess.), { 10, eff. March 31, 1970; 1971, No. 67, { 3, eff. April 15, 1971; 1987, No. 203 (Adj. Sess.), { 21 eff. May 27, 1988; 2011, No. 40, { 53, eff. May 20, 2011.)
Disclaimer: These codes may not be the most recent version. Vermont may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
