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2013 Vermont Statutes
Title 10 Conservation and Development
Chapter 12 VERMONT ECONOMIC DEVELOPMENT AUTHORITY
§ 00280bb Technology loan program


10 V.S.A. § 00280bb What's This?

280bb. Technology loan program

There is created a technology (TECH) loan program to be administered by the Vermont economic development authority. The program shall seek to meet the working capital and capital-asset financing needs of technology-based companies. The Vermont economic development authority shall establish such policies and procedures for the program as are necessary to carry out the purposes of this subchapter. The authority's lending criteria shall include consideration of in-state competition and whether a company has made reasonable efforts to secure capital in the private sector. (Added 2009, No. 54, 28, eff. June 1, 2009.)

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