§ 245. Municipal proceedings
All actions of a municipality in the exercise of its powers with respect to a project and the financing thereof shall be authorized by resolution adopted by majority vote of all of the members of its governing body. Unless otherwise provided in the resolution, or in the city charter in the case of a city, each resolution shall take effect upon its passage. The terms and details of any transaction may be delegated by the governing body to those authorized by the governing body to enter into the transaction on behalf of the municipality. (Added 1973, No. 197 (Adj. Sess.), § 1.)
Structure Vermont Statutes
Title 10 - Conservation and Development
Chapter 12 - Vermont Economic Development Authority
§ 213. Authority; organization
§ 214. Members; disqualification
§ 216. Authority; general powers
§ 217. Records; annual report; audit
§ 220. Transfer from Indemnification Fund
§ 231. Assistance to local development corporations
§ 232. Issuance of loans for speculative buildings and small business incubator facilities
§ 237. Issuing of loans for industrial park planning and development projects
§ 241. Powers of municipalities
§ 247. Obligations of the municipality
§ 248. Trustees and trust funds
§ 250. Bonds exempt from taxation
§ 251. Taxation of eligible facilities
§ 252. Bonds eligible for investment
§ 263. Mortgage loan; limitations
§ 264. Accelerated repayment provisions
§ 279c. Vermont Export Finance Program
§ 280. Public financing policy
§ 280a. Eligible projects; authorized financing programs
§ 280b. The Vermont sustainable jobs strategy
§ 280e. State Infrastructure Bank Program
§ 280f. Applicability of general provisions
§ 280g. State Infrastructure Bank Program; duties; powers
§ 280h. Receipt and administration of Program funds
§ 280i. Disbursement and use of funds
§ 280j. Powers and duties of the Secretary
§ 280k. Powers and duties of the Program
§ 280l. Applications for financial assistance
§ 280n. Program Fund; accounts
§ 280o. Issuance of revenue bonds
§ 280p. Additional security agreements, insurance, and credit enhancements
§ 280q. Loans to qualified borrowers to finance qualified projects
§ 280r. Powers and privileges of government units
§ 280u. Guarantees; other credit enhancement
§ 280v. Termination of the Program; remaining assets and liabilities
§ 280w. Records of receipts, expenditures, and disbursements
§ 280x. Obligations; credit of the State not pledged
§ 280bb. Vermont Entrepreneurial Lending Program
§ 280cc. Creation; purpose; definitions
§ 280dd. Loan programs administered within the Fund