2015 Vermont Statutes
Title 24 - Municipal and County Government
Chapter 120 - Special Environmental Revolving Fund
Subchapter 2: MUNICIPAL LOANS
§ 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 publicly-owned sewage system, sewage treatment or disposal plant, pollution control facility, water supply, water system, or solid waste handling and disposal facility, or certain privately-owned wastewater systems as described in section 4763 of this title, or to implement a related management program. In addition, the loan proceeds shall be used to pay the outstanding balance of any engineering planning advances made to the municipal applicant under chapter 55 of Title 10 and determined by the secretary of the agency of natural resources to be due and payable following construction of the improvements to be financed by the proceeds of the loan. The bond bank may prescribe any form of application or procedure required of a municipality for a loan hereunder. Such application shall include such information as the bond bank shall deem necessary for the purpose of implementing this chapter. (Added 1987, No. 75, § 1; amended 1987, No. 76, § 18; 1999, No. 148 (Adj. Sess.), § 53, eff. May 24, 2000; 2001, No. 109 (Adj. Sess.), § 12, eff. May 16, 2002.)