2013 Vermont Statutes
Title 10 Conservation and Development
Chapter 15A THE SUSTAINABLE JOBS FUND PROGRAM
§ 328 Creation of the Sustainable Jobs Fund Program

328. Creation of the Sustainable Jobs Fund Program

(a) There is created a sustainable jobs fund program to create quality jobs that are compatible with Vermont's natural and social environment.

(b) The Vermont Economic Development Authority shall incorporate a nonprofit corporation pursuant to the provisions of subdivision 216(14) of this title to administer the Sustainable Jobs Fund Program, and to fulfill the purposes of this chapter by means of loans or grants to eligible applicants for eligible activities, provided that any funds contributed to the Program by the Authority under subsection (c) of this section shall be used for lending purposes only.

(c)(1) Notwithstanding the provisions of subdivision 216(14) of this title, the Authority may contribute not more than $1,000,000.00 to the capital of the Corporation formed under this section, and the Board of Directors of the Corporation formed under this section shall consist of:

(A) the Secretary of Commerce and Community Development or his or her designee;

(B) the Secretary of Agriculture, Food and Markets or his or her designee;

(C) a director appointed by the Governor; and

(D) eight independent directors, no more than two of whom shall be State government employees or officials, and who shall be selected as vacancies occur by vote of the existing Directors from a list of names offered by a nominating committee of the board created for that purpose.

(2)(A) Each independent Director shall serve a term of three years or until his or her earlier resignation.

(B) A director may be reappointed, but no independent director and no director appointed by the Governor shall serve for more than three terms.

(C) The director appointed by the Governor shall serve at the pleasure of the Governor and may be removed at any time with or without cause.

(3) A director of the Board who is or is appointed by a State government official or employee shall not be eligible to hold the position of Chair, Vice Chair, Secretary, or Treasurer of the Board.

(d) The Vermont Economic Development Authority may hire or assign a Program director to administer, manage, and direct the affairs and business of the Board, subject to the policies, control, and direction of the Corporation formed under this section.

(e) [Repealed.]

(f) The Vermont Sustainable Jobs Fund Program shall work collaboratively with the Agency of Agriculture, Food and Markets to assist the Vermont slaughterhouse industry in supporting its efforts at productivity and sustainability. (Added 1995, No. 46, 15, eff. April 20, 1995; amended 1995, No. 190 (Adj. Sess.), 1(b); 2003, No. 122 (Adj. Sess.), 225; 2009, No. 146 (Adj. Sess.), G18, eff. June 1, 2010; 2011, No. 52, 35a, 37, 38, eff. May 27, 2011; 2011, No. 139 (Adj. Sess.), 51, eff. May 14, 2012.)