reglab/housing_qa huggingface dataset:
24 V.S.A. § 4505
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 118 - Conservation Commissions|§ 4505. Powers and duties of conservation commissions

§ 4505. Powers and duties of conservation commissions|Any conservation commission created under this chapter may:  (1) make an inventory and conduct continuing studies of the natural resources of the municipality including:  (A) air, surface and ground waters, and pollution thereof; (B) soils and their capabilities; (C) mineral and other earth resources; (D) streams, lakes, ponds, wetlands, and floodplains; (E) unique or fragile biologic sites; (F) scenic and recreational resources; (G) plant and animal life, especially the rare and endangered species; (H) prime agricultural and forest land, and other open lands;  (2) make and maintain an inventory of lands within the municipality which have historic, educational, cultural, scientific, architectural, or archaeological values in which the public has an interest; (3) recommend to the legislative body of the municipality the purchase or the receipt of gifts of land or rights thereto, or other property, for the purposes of this chapter; (4) receive appropriations for operating expenses including clerical help by appropriation through the budget of the legislative body; (5) receive money, grants, or private gifts from any source, for the purposes of this chapter. Grants and gifts received by the trustee of public funds shall be carried in a conservation fund from year to year to be expended only for purposes of this chapter; (6) receive gifts of land or other property for the purposes of this chapter, by consent of the legislative body or by the affirmative vote of the municipality; (7) administer the lands, properties, and other rights which have been acquired by the municipality for the purposes of this chapter; (8) assist the local planning commission or zoning board of adjustment or the District Environmental Commission, by providing advisory environmental evaluations where pertinent to applications made to those bodies, for permits for development; (9) cooperate with the local legislative body, planning commission, zoning board of adjustment, road committee, or other municipal or private organizations on matters affecting the local environment or the natural resources of the municipality; (10) prepare, collect, publish, advertise, and distribute relevant books, maps, and other documents and maintain communication with similar organizations; and encourage through educational activities the public understanding of local natural resources and conservation needs; (11) make a brief annual report to the municipality of its finances and transactions for the year just passed, and its plans and prospects for the ensuing year. (Added 1977, No. 250 (Adj. Sess.), § 1.)
24 V.S.A. § 4506
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 118 - Conservation Commissions|§ 4506. Disposition of property

§ 4506. Disposition of property|Land, rights, or other property acquired by a municipality under this chapter shall not be sold or diverted to uses other than conservation or recreation except after approval by an affirmative vote of the voters of the town at the annual meeting. (Added 1977, No. 250 (Adj. Sess.), § 1.)
24 V.S.A. § 4551
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4551. Definitions

§ 4551. Definitions|The following definitions shall apply throughout this chapter unless the context clearly requires otherwise:  (1) "Bank" means the Vermont Municipal Bond Bank established by section 4571 of this title. (2) "Bonds" means bonds of the Bank issued under this chapter. (3) "County" means any county of the State. (4) "General Fund" means the fund established under section 4676 of this title. (5) "Governmental unit" means any county, municipality, or public body. (6) "Issue", when used in reference to bonds or notes, means the physical delivery thereof or the effectuation thereof in book entry form, in each case against payment therefor. (7) "Municipal bond" means a bond or note or evidence of debt constituting a general obligation of a governmental unit, but does not include any bond or note or evidence of debt issued by any other state or any public body or municipal corporation thereof. (8) "Municipality" means any city, town, village, town school district, incorporated school district, union school district, or other school district, fire district, consolidated sewer district, consolidated water district, or solid waste district organized under the laws of the State, and also includes every municipal corporation identified in subdivision 1751(1) of this title. (9) "Notes" means any notes of the Bank issued under this chapter. (10) "Public body" means any public body corporate and politic or any political subdivision of the State established under any law of the State that may issue its bonds or notes, whether heretofore or hereafter established. (11) "Reserve Fund" means the Vermont Municipal Bond Bank Reserve fund established under section 4671 of this title. (12) "Revenues" means all fees, charges, monies, profits, payments of principal of or interest on municipal bonds and revenue bonds and other investments, gifts, grants, contributions, appropriations, and all other income derived or to be derived by the Bank under this chapter. (13) "Revenue bond" means a bond or note or evidence of debt constituting an obligation of a governmental unit payable solely out of the earnings or profits derived, or to be derived, from the operation of a public utility, authorized and issued in accordance with subchapter 2 of chapter 53 of this title. (14) "Revenue Bond Reserve Fund" means the Vermont Municipal Bond Bank Revenue Bond Reserve Fund established under section 4681 of this title. (15) "Revenue Fund" means the Vermont Municipal Bond Bank Revenue Fund established under section 4683 of this title. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970; amended 1971, No. 148 (Adj. Sess.), § 4, Feb. 14, 1972; 1983, No. 12, § 1, eff. March 29, 1983; 1985, No. 127 (Adj. Sess.), § 1, eff. April 21, 1986; 1987, No. 55, §§ 1-4, eff. May 15, 1987; 1987, No. 75, § 3; 1989, No. 111, § 4, eff. June 22, 1989.)
24 V.S.A. § 4552
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4552. Law governing

§ 4552. Law governing|It is the intent of the General Assembly that in the event of any conflict or inconsistency in the provisions of this chapter and any other laws pertaining to matters established in this chapter or provided for or in any rules adopted under this chapter or other laws, to the extent of such conflict or inconsistency, the provisions of this chapter shall be enforced and the provisions of the other laws and rules adopted pursuant to this chapter shall be of no effect. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)
24 V.S.A. § 4553
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4553. Liberal construction

§ 4553. Liberal construction|This chapter shall be construed liberally to effectuate the legislative intent and the purposes of the chapter as complete and independent authority for the performance of each and every act and thing authorized by this chapter and all powers granted by this chapter shall be broadly interpreted to effectuate that intent and purposes and not as a limitation of powers. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)
24 V.S.A. § 4554
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4554. Administration expenses

§ 4554. Administration expenses|All expenses incurred in carrying out this chapter are payable solely from revenues or funds provided under this chapter and nothing in this chapter authorizes the Bank to incur any indebtedness or liability on behalf of or payable by the State. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)
24 V.S.A. § 4556
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4556. Cooperation by government agencies; cost

§ 4556. Cooperation by government agencies; cost|All officers, departments, boards, agencies, divisions, and commissions of the State must render any services to the Bank as are within the area of their respective governmental functions as fixed by law and as may be requested by the Bank and must comply promptly with any reasonable request by the Bank as to the making of any study or review as to desirability, need, cost, or expense with respect to any public project, purpose or improvement, or the financial feasibility thereof or the financial or fiscal responsibility or ability in connection therewith of any governmental unit making application for loan to the Bank and for the purchase by the Bank of municipal bonds or revenue bonds to be issued by that governmental unit. The cost and expense of any services requested by the Bank shall, at the request of the officer, department, board, agency, division, or commission rendering the service, be paid for by the Bank. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970; amended 1987, No. 55, § 6, eff. May 15, 1987.)
24 V.S.A. § 4571
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4571. Establishment

§ 4571. Establishment|There is hereby established a body corporate and politic, with corporate succession, to be known as the "Vermont Municipal Bond Bank." The Bank is hereby constituted as an instrumentality exercising public and essential governmental functions, and the exercise by the Bank of the powers conferred by this chapter are deemed to be an essential governmental function of the State. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)
24 V.S.A. § 4571a
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4571a. Reports

§ 4571a. Reports|The Vermont Municipal Bond Bank shall prepare and submit, consistent with 2 V.S.A. § 20(a), a report on activities for the preceding calendar year, pursuant to section 4594 of this title. (Added 2003, No. 122 (Adj. Sess.), § 294i.)
24 V.S.A. § 4572
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4572. Membership; vacancies

§ 4572. Membership; vacancies|The Bank established by section 4571 of this title shall consist of the following five directors: the State Treasurer, or his or her designee, who shall be a director ex officio, and four directors appointed by the Governor with the advice and consent of the Senate for terms of two years. The four directors appointed by the Governor must be residents of the State and must be qualified voters therein for at least one year next preceding the time of appointment. The Governor shall first appoint two directors to serve until February 1, 1971 and two directors to serve until February 1, 1972. Each director shall hold office for the term of his or her appointment and until his or her successor shall have been appointed and qualified. A director shall be eligible for reappointment. Any vacancy in a directorship occurring other than by expiration of term shall be filled in the same manner as the original appointment, except that the advice and consent of the Senate shall not be required if it is not in session, but for the unexpired term only. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970; 2011, No. 40, § 52, eff. May 20, 2011.)
24 V.S.A. § 4573
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4573. Removal from office; oath

§ 4573. Removal from office; oath|Each director may be removed from office by the Governor, for cause, after a public hearing, and may be suspended by the Governor pending the completion of the hearing. Each director before entering upon his or her duties shall take and subscribe an oath to perform the duties of his or her office faithfully, impartially, and justly to the best of his or her ability. A record of the oath shall be filed in the Office of the Secretary of State. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)
24 V.S.A. § 4574
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4574. Officers; quorum

§ 4574. Officers; quorum|The directors shall elect one of their number as chair. The directors shall elect a secretary and a treasurer who need not be directors, and the same person may be elected to serve both as secretary and treasurer. The powers of the Bank are vested in the directors thereof and three directors of the Bank shall constitute a quorum. Action may be taken and motions and resolutions adopted by the Bank at any meeting thereof by the affirmative vote of at least three directors of the Bank. A vacancy in the directorship of the Bank shall not impair the right of a quorum to exercise all the powers and perform all the duties of the Bank. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970; amended 1971, No. 148 (Adj. Sess.), § 1, eff. Feb. 14, 1972.)
24 V.S.A. § 4575
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4575. Bonding of members

§ 4575. Bonding of members|Before the issuance of any bonds or notes under this chapter, each director of the Bank shall execute a surety bond in the penal sum of $25,000.00 and the treasurer of the Bank shall execute a surety bond in the penal sum of $50,000.00. Each surety bond shall be conditioned upon the faithful performance of the duties of the office of the director or treasurer, to be executed by a surety company authorized to transact business in the State of Vermont as surety and to be approved by the Attorney General and filed in the office of the Secretary of State. After the issuance of any bonds or notes by the Bank each director of the Bank shall maintain his or her surety bond in force. All costs of the surety bonds shall be borne by the Bank. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)
24 V.S.A. § 4576
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4576. Compensation; expenses

§ 4576. Compensation; expenses|The directors of the Bank shall receive a per diem compensation in the amount of $30.00 for each day devoted to official duties and reimbursement for actual expenses necessarily incurred in the discharge of their duties. Notwithstanding any other law, an officer or employee of the State shall not be deemed to forfeit his or her office or employment or any benefits thereof by reason of his or her acceptance of the office of director of the Bank. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970; amended 1979, No. 59, § 18, eff. July 1, 1979.)
24 V.S.A. § 4577
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4577. Staff

§ 4577. Staff|The Bank may employ such officers, agents, and employees as it may require and determine their qualifications, terms of office, duties, and compensation all without regard to 3 V.S.A. chapter 13. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)
24 V.S.A. § 4592
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4592. Supplementary powers

§ 4592. Supplementary powers|The Bank, in addition to any other powers granted in this chapter, has the following powers:  (1) In connection with any loan to a governmental unit, to consider the need, desirability, or eligibility of the loan, the ability of the governmental unit to secure borrowed money from other sources and the costs thereof, and the particular public improvement or purpose to be financed by the municipal bonds or revenue bonds to be purchased by the Bank. (2) To charge for its costs and services in review or consideration of any proposed loan to a governmental unit or purchase of municipal bonds or revenue bonds of a governmental unit, and to charge therefor whether or not the loan is made or the municipal bonds or revenue bonds are purchased. (3) To establish any terms and provisions with respect to any purchase of municipal bonds or revenue bonds by the Bank, including date and maturities of the bonds, provisions as to redemption or payment prior to maturity, and any other matters which are necessary, desirable, or advisable in the judgment of the Bank. (4) To conduct examinations and hearings and to hear testimony and take proof, under oath or affirmation, at public or private hearings, on any matter material for its information and necessary to carry out this chapter. (5) To issue subpoenas requiring the attendance of witnesses and the production of books and papers pertinent to any hearing before the Bank, or before one or more of the directors of the Bank appointed by it to conduct the hearing. (6) To apply to any court, having territorial jurisdiction of the offense, to have punished for contempt any witness who refuses to obey a subpoena, or who refuses to be sworn or affirmed to testify, or who is guilty of any contempt after summons to appear. (7) To procure insurance against any losses in connection with its property, operations, or assets in such amounts and from such insurers as it deems desirable. (8) To the extent permitted under its contracts with the holders of bonds or notes of the Bank, to consent to any modification of the rate of interest, time, and payment of any installment of principal or interest, security, or any other term of bond or note, contract, or agreement of any kind to which the Bank is a party. (9) To issue its bonds or notes that are secured by neither the Reserve Fund nor the Revenue Bond Reserve Fund, but which may be secured by such other funds and accounts as may be authorized by the Bank from time to time. (10) To issue bonds, other forms of indebtedness, or other financing obligations for projects relating to renewable energy, as defined in 30 V.S.A. § 8002(17), or to energy efficiency projects under subchapter 2 of chapter 87 of this title. Bonds shall be supported by both the general obligation and the assessment payment revenues of the participating municipality. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970; amended 1987, No. 55, §§ 10, 11, eff. May 15, 1987; 2009, No. 45, § 15k, eff. May 27, 2009.)
24 V.S.A. § 4593
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4593. Prohibited acts

§ 4593. Prohibited acts|Under this chapter, a bank may not:  (1) make loans of money to any person, firm, or corporation other than a government or a governmental agency or subdivision, or purchase securities issued by any person, firm, or corporation other than a governmental unit or for investment except as provided in this chapter; (2) emit bills of credit, or accept deposits of money for time or demand deposit, or administer trust, or engage in any form or manner in, or in the conduct of, any private or commercial banking business, or act as a savings bank or savings and loan association; (3) be or constitute a bank or trust company within the jurisdiction or under the control of the Department of Financial Regulation of the State, or the Commissioner thereof, or the Comptroller of the Currency of the United States of America or the Department of the Treasury thereof; or (4) be or constitute a bank, banker, or dealer in securities within the meaning of or subject to the provisions of any securities, securities exchange, or securities dealers law, of the United States of America or of this State or of any other state. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970; amended 1989, No. 225 (Adj. Sess.), § 25; 1995, No. 180 (Adj. Sess.), § 38.)
24 V.S.A. § 4594
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4594. Annual report; audit

§ 4594. Annual report; audit|On or before the last day of February in each year, the Bank shall make a report of its activities for the preceding calendar year to the Governor and to the General Assembly. Each report shall set forth a complete operating and financial statement covering its operations during the year. The Bank shall cause an audit of its books and accounts to be made at least once in each year by certified public accountants and the cost thereof shall be considered an expense of the Bank and a copy thereof shall be filed with the State Treasurer. The provisions of 2 V.S.A. § 20(d) (expiration of required reports) shall not apply to the report to be made under this subsection. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970; amended 2013, No. 142 (Adj. Sess.), § 39.)
24 V.S.A. § 4595
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4595. Annual budget

§ 4595. Annual budget|(a) On or before December 1 in each year, the Bank shall adopt an annual budget for the succeeding year. The budget shall set forth the general categories of expected expenditures and the amount on account of each and shall include a provision or reserve for contingencies or over expenditures as well as any additional material as the Bank may determine. Copies of the annual budget certified by the Chair of the Bank shall be promptly filed with the State Treasurer and the Director of Budget and Management and the annual budget shall not be effective until it is so filed.(b) If for any reason the Bank does not adopt the annual budget on or before December 1, the budget for the preceding year shall be in effect for that year until the annual budget for the year is adopted.(c) The Bank may at any time adopt an amended annual budget for the current calendar year, but the amended annual budget may not supersede any prior budget until it is approved by the State Treasurer as reasonable and necessary, and filed as required in the case of the annual budget. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)
24 V.S.A. § 4596
2021 Vermont Statutes|Title 24 - Municipal and County Government|Chapter 119 - Municipal Bond Bank|§ 4596. Care and custody of bonds

§ 4596. Care and custody of bonds|The Bank may enter into agreements or contracts with any bank, trust companies, banking or financial institutions within or without the State as may be necessary, desirable, or convenient in the opinion of the Bank for rendering services to the Bank in connection with the care, custody, or safekeeping of municipal bonds, revenue bonds, or other investments held or owned by the Bank and services in connection with the payment or collection of amounts payable as to principal or interest, and for services in connection with the delivery to the Bank of municipal bonds, revenue bonds, or other investments purchased by it or sold by it, and to pay the cost of those services. The Bank may also, in connection with any of the services to be rendered by any banks, trust companies, or banking or financial institutions as to the custody and safekeeping of any of its municipal bonds, revenue bonds, or investments, require security in the form of collateral bonds, surety agreements, or security agreements in such form and amount as, in the opinion of the Bank, is necessary or desirable for the purpose of the Bank. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970; amended 1987, No. 55, § 12, eff. May 15, 1987.)