Infrastructure improvement program — Vermont Code § 698
Vermont Code § 698 — Infrastructure improvement program. Reproduced from the official Vermont Statutes Online, with a citation summary, verification link, and related provisions.
§ 698. Infrastructure improvement program
- (a) A municipality that is within a designated job development zone shall be eligible
to receive a payment each year from the Agency of Commerce and Community Development
to reimburse annual interest costs on indebtedness for economic development related
infrastructure projects approved after July 1, 1986. Annual reimbursement payments
shall be limited to $1,000,000 of indebtedness in a designated job development zone.
The Agency shall require the municipality to submit an amortization schedule and proof
of payment of its annual interest payment on bonds. The Agency shall not reimburse
a municipality for infrastructure projects unless requests for payment are received
within three months after the end of the fiscal year. (b) Economic development related infrastructure projects shall include water supply, pollution
abatement, and highway facilities and such other municipal facilities as may be established
by rule under section 695 of this chapter. (Added 1985, No. 172 (Adj. Sess.), § 1; amended 1995, No. 190 (Adj. Sess.), § 1(a).)
Source: official Vermont text · Last verified 2026-08-27
At a glance
- Citation: Vermont Statutes Online § 698
- Jurisdiction: Vermont
- Code: Vermont Statutes Online
- Subject: Infrastructure improvement program
- Text: transcribed from the official source (verify below)
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Common questions
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What subject does Vermont Statutes Online § 698 address?
It addresses "Infrastructure improvement program". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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