Vermont Statutes Title 24 Sec. 4784
Terms Used In Vermont Statutes Title 24 Sec. 4784
- Clean water project: means "water pollution abatement and control facilities" as defined in 10 V. See
- Secretary: means the Secretary of Natural Resources or his or her authorized representative. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 4784. Loan priorities
(a) The Secretary shall at least annually prepare and certify to VEDA a list of privately owned clean water projects, ranked in priority order, that are eligible for financial assistance under this subchapter.
(b) In determining financing ability for clean water projects under this subchapter, the Secretary shall apply the criteria adopted pursuant to 10 V.S.A. § 1628; provided, however:
(1) No privately owned clean water project authorized under this subchapter shall be prioritized above a municipal clean water project.
(2) No more than 20 percent of the funds identified in the annual State Intended Use Plan (IUP) and allocated for clean water projects may be used for loans to privately owned clean water projects, unless there occurs a surplus of funds, in which case those funds may be used to fund additional privately owned clean water projects. (Added 2017, No. 185 (Adj. Sess.), § 11, eff. May 28, 2018.)