Vermont Statutes
Chapter 12 - Vermont Economic Development Authority
§ 280. Public financing policy

§ 280. Public financing policy
(a) It is policy of the State to engage in publicly supported financing activities that carry out the economic development policies of the State, including the following policies:
(1) Vermont should encourage enterprises that maximize job opportunities for Vermonters, produce a diversity of goods and services, and support sustainable development in the Vermont economy.
(2) Vermont should encourage entrepreneurial investments by the private sector in businesses that promote a sustainable economy and that are compatible with Vermont’s economic, social, and environmental values.
(3) Vermont should help its citizens start, maintain, and expand enterprises that:
(A) make use of the traditional skills of Vermont’s people while developing new capabilities necessary to compete in a changing economic environment; and
(B) produce value-added products or services, thereby maximizing reinvestment within Vermont.
(b) As used in this chapter, the term “sustainable development” means meeting the needs of the present without compromising the ability of future generations to meet their own needs. (Added 1995, No. 46, § 14, eff. April 20, 1995.)

Structure Vermont Statutes

Vermont Statutes

Title 10 - Conservation and Development

Chapter 12 - Vermont Economic Development Authority

§ 210. Statutory purposes

§ 211. Legislative findings

§ 212. Definitions

§ 213. Authority; organization

§ 214. Members; disqualification

§ 215. Manager; duties

§ 216. Authority; general powers

§ 217. Records; annual report; audit

§ 217a. Application

§ 218. Construction

§ 219. Reserve funds

§ 220. Transfer from Indemnification Fund

§ 231. Assistance to local development corporations

§ 232. Issuance of loans for speculative buildings and small business incubator facilities

§ 233. Depressed areas

§ 234. The Vermont Jobs Fund

§ 236. Taxes

§ 237. Issuing of loans for industrial park planning and development projects

§ 241. Powers of municipalities

§ 242. Financing documents

§ 243. Security documents

§ 244. Bonds

§ 245. Municipal proceedings

§ 246. Approval of Authority

§ 247. Obligations of the municipality

§ 248. Trustees and trust funds

§ 249. Remedies

§ 250. Bonds exempt from taxation

§ 251. Taxation of eligible facilities

§ 252. Bonds eligible for investment

§ 253. State projects

§ 254. State bonds

§ 261. Additional powers

§ 262. Findings

§ 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

§ 280d. Definitions

§ 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

§ 280m. Loan and lease terms

§ 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

§ 280s. Borrower obligations

§ 280t. Security agreements securing borrower obligations; pledges of general revenues or project revenues

§ 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

§ 280y. Public records

§ 280aa. Findings and purpose

§ 280bb. Vermont Entrepreneurial Lending Program

§ 280cc. Creation; purpose; definitions

§ 280dd. Loan programs administered within the Fund

§ 280ee. Broadband Expansion Loan Program

§ 280ff. Funding