2015 Vermont Statutes
Title 24 - Municipal and County Government
Chapter 120 - Special Environmental Revolving Fund
Subchapter 2: MUNICIPAL LOANS
§ 4762 Delinquent loan payments
§ 4762. Delinquent loan payments
Delinquent loan payments due the bank under section 4755 of this title may, with an interest rate of ten percent per annum greater than the interest rate of the loan, be recovered by action in a court of competent jurisdiction against the political subdivision liable therefore or may be deducted, with interest, by, or at the request of, the bank from any other moneys payable to such subdivision by any department or agency of the state. (Added 1987, No. 75, § 1.)
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