§ 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 monies payable to such subdivision by any department or agency of the State. (Added 1987, No. 75, § 1.)
Structure Vermont Statutes
Title 24 - Municipal and County Government
Chapter 120 - Special Environmental Revolving Fund
§ 4753. Revolving loan funds; authority to spend; report
§ 4753a. Awards from revolving loan funds
§ 4755. Loan; loan agreements; general provisions
§ 4756. Eligibility certification
§ 4757. Revolving loan funds; additional uses
§ 4760. Contractual authority; reports
§ 4762. Delinquent loan payments
§ 4763. Loans to municipalities for privately owned clean water projects
§ 4763a. Loans to municipalities for privately owned potable water supplies
§ 4763b. Loans to individuals for failed wastewater systems and failed potable water supplies
§ 4763c. Loans to municipalities for municipal public water supply systems
§ 4763d. Municipal match of federal revolving funds
§ 4765. Application for loans to municipalities
§ 4769. Loans to hardship municipalities
§ 4771. Conditions of loan agreement
§ 4772. Qualifications for eligibility; certification
§ 4774. Contractual authority; reports
§ 4775. Liability against default
§ 4776. Action for receivership
§ 4778. Federal capitalization grant distribution
§ 4781. Eligibility and loan application
§ 4782. Conditions of loan agreement
§ 4783. Qualifications for eligibility; certification
§ 4785. Liability against default