Source: http://www.wvwvermont.org/cgi-bin/vt_legis/fullsection.cfm?Title=24&Chapter=120&Section=04753&form_access_date=20140109
Timestamp: 2017-11-18 08:34:37
Document Index: 294309950

Matched Legal Cases: ['§ 4753', '§ 1972', '§ 2822', '§ 1626', '§ 1', '§ 62', '§ 44', '§ 67', '§ 1', '§ 51', '§ 2', '§ 52', '§ 38', '§ 11', '§ 90', '§ 50', '§ 43', '§ 7', '§ 28', '§ 13', '§ 4752', '§ 4753']

S: 4753 C: 120 T: 24 - Revolving loan funds; authority to spend; report The Vermont Statutes Online
24 V.S.A. § 4753. Revolving loan funds; authority to spend; report
(1) The Vermont Environmental Protection Agency (EPA) Pollution Control Revolving Fund which shall be used to provide loans to municipalities, State agencies, and the Vermont Housing Finance Agency, for planning sewage systems and sewage treatment or disposal plants as defined in subdivisions 3501(6) and 3601(3) of this title, for constructing publicly owned sewage systems and sewage treatment or disposal plants as defined in subdivisions 3501(6) and 3601(3) of this title, for planning or construction of certain privately owned wastewater systems, and for implementing related management programs.
(2) The Vermont Pollution Control Revolving Fund which shall be used to provide loans to municipalities, State agencies, and the Vermont Housing Finance Agency, for planning pollution control facilities, for constructing publicly owned pollution control facilities, and for constructing certain privately owned wastewater systems and potable water supply systems.
(3) The Vermont Environmental Protection Agency (EPA) Drinking Water State Revolving Fund which shall be used to provide loans to municipalities and certain privately owned water systems for:
(5) The Vermont Drinking Water Planning Loan Fund which shall be used to provide loans to municipalities and privately owned, nonprofit community water systems, with populations of less than 10,000, for conducting feasibility studies and for the preparation of preliminary engineering planning studies and final engineering plans and specifications for improvements to public water systems in order to comply with State and federal standards and to protect public health. The Secretary may forgive up to $50,000.00 of the unpaid balance of a loan made from the Vermont Drinking Water Planning Loan Fund to municipalities after project construction is substantially completed. The Secretary shall establish amounts, eligibility, policies, and procedures for loan forgiveness in the annual State Intended Use Plan (IUP) with public review and comment prior to finalization and submission to the United States Environmental Protection Agency.
(8) Deleted.]
(9) The Vermont Drinking Water Revolving Loan Fund which shall be used to provide loans to a municipality for the design, land acquisition, if necessary, and construction of a potable water supply when a household in the municipality has been disconnected involuntarily from a public water supply system for reasons other than nonpayment of fees.
(10) The Vermont Wastewater and Potable Water Revolving Loan Fund which shall be used to provide loans to individuals, in accordance with section 4763a of this title, for the design and construction of repairs to or replacement of wastewater systems and potable water supplies when the wastewater system or potable water supply is a failed system or supply as defined in 10 V.S.A. § 1972. The amount of $275,000.00 from the fees collected pursuant to 3 V.S.A. § 2822(j)(4) shall be deposited on an annual basis into this Fund.
(b) Each of such funds shall be established and held separate and apart from any other funds or moneys of State and shall be used and administered exclusively for the purpose of this chapter with the exception of transferring funds from the Vermont Drinking Water Planning Loan Fund and the Vermont Drinking Water Source Protection Fund to the Vermont Environmental Protection Agency (EPA) Drinking Water State Revolving Fund, and from the Vermont Pollution Control Revolving Fund to the Vermont Environmental Protection Agency (EPA) Pollution Control Revolving Fund, when authorized by the Secretary. These funds shall be administered by the Bond Bank on behalf of the State, except that the fund shall be administered by VEDA concerning loans to privately owned water systems under subdivision (a)(3) of this section. The funds shall be invested in the same manner as permitted for investment of funds belonging to the State or held in the Treasury. The funds shall consist of the following:
(5) Private gifts, bequests, and donations made to the State for any of the purposes for which such funds have been established.
(1) the refurbishment or construction of a new or an enlarged wastewater treatment plant with a resulting total capacity of 250,000 gallons or more per day in accordance with the provisions of this chapter and 10 V.S.A. § 1626a; or
(2) the construction of stormwater management facilities as specifically or generally described in Vermont's Nonpoint Source Management Plan, and which are necessary to remedy or prevent pollution of waters of the state, provided, in any year in which the federal grant for the fund established in subdivision (a)(1) of this section does not exceed the amount available to the state in the 2002 federal appropriation, no more than 30 percent of that year's federal and State appropriations to that fund shall be used for the purpose outlined in this subdivision.
(e) The Secretary may bring an action under this subsection or other available State and federal laws against the owner or permittee of the public water system to seek reimbursement to the Vermont Drinking Water Emergency Use Fund for all disbursements from the fund made pursuant to subdivision (a)(7) of this section. To the extent compatible with the urgency of the situation, the Secretary shall provide an opportunity for the responsible water system owner or permittee to undertake the necessary actions under the direction of the Secretary prior to making disbursements. (Added 1987, No. 75, § 1; amended 1993, No. 233 (Adj. Sess.), § 62, eff. June 21, 1994; 1995, No. 62, § 44, eff. April 26, 1995; 1997, No. 62, § 67, eff. June 26, 1997; 1997, No. 134 (Adj. Sess.), § 1; 1997, No. 148 (Adj. Sess.), § 51, eff. April 29, 1998; 1999, No. 109 (Adj. Sess.), § 2; 1999, No. 148 (Adj. Sess.), § 52, eff. May 24, 2000; 2001, No. 61, § 38, eff. June 16, 2001; 2001, No. 109 (Adj. Sess.), § 11; eff. May 16, 2002; 2001, No. 149 (Adj. Sess.), § 90, eff. June 27, 2002; 2003, No. 63, § 50, eff. June 11, 2003; 2007, No. 52, §§ 43, 46, eff. May 28, 2007; 2007, No. 130 (Adj. Sess.), § 7, eff. May 12, 2008; 2011, No. 104 (Adj. Sess.), § 28e, eff. May 7, 2012; 2011, No. 161 (Adj. Sess.), § 13.)
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