reglab/housing_qa huggingface dataset:
10 V.S.A. § 280x
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 12 - Vermont Economic Development Authority|§ 280x. Obligations; credit of the State not pledged

§ 280x. Obligations; credit of the State not pledged|Obligations issued under the provisions of this subchapter shall not be deemed to constitute a debt or liability of the State. Each obligation issued under this subchapter shall contain on the face thereof a statement to the effect that the Authority shall not be obligated to pay the same nor the interest thereon except from the revenues or assets pledged therefor, and that neither the faith and credit nor the taxing power of the State is pledged to the payment of the principal of or the interest on such obligations. (Added 1997, No. 43, § 1.)
10 V.S.A. § 280y
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 12 - Vermont Economic Development Authority|§ 280y. Public records

§ 280y. Public records|The Authority shall establish policies and procedures to ensure that information relating to the cost of any qualified project is considered a public record, and subject to the provisions of 1 V.S.A. chapter 5, subchapter 2. (Added 1997, No. 43, § 1.)
10 V.S.A. § 280aa
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 12 - Vermont Economic Development Authority|§ 280aa. Findings and purpose

§ 280aa. Findings and purpose|(a)(1) Vermont-based businesses in seed, start-up, and growth stages are a vital source of innovation, employment, and economic growth in Vermont. The continued development and success of these businesses is dependent upon the availability of flexible, risk-based capital.  (2) Because the primary assets of Vermont-based businesses in seed, start-up, and growth stages often consist almost entirely of intellectual property or insufficient tangible assets to support conventional lending, these companies frequently may not have access to conventional means of raising capital, such as asset-based bank financing.   (b) To support the growth of Vermont-based businesses in seed, start-up, and growth stages and the resultant creation of higher-wage employment in Vermont, the General Assembly hereby creates in this subchapter the Vermont Entrepreneurial Lending Program. (Added 2009, No. 54, § 28, eff. June 1, 2009; amended 2013, No. 179 (Adj. Sess.), § F.100; 2013, No. 199 (Adj. Sess.), § 4.)
10 V.S.A. § 280bb
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 12 - Vermont Economic Development Authority|§ 280bb. Vermont Entrepreneurial Lending Program

§ 280bb. Vermont Entrepreneurial Lending Program|(a) There is created the Vermont Entrepreneurial Lending Program to be administered by the Vermont Economic Development Authority. The Program shall seek to meet the working capital and capital-asset financing needs of Vermont-based businesses in seed, start-up, and growth stages. The Program shall specifically seek to fulfill capital requirement needs that are unmet in Vermont, including:  (1) loans to manufacturing businesses and software developers with innovative products that typically reflect long-term, organic growth; (2) loans up to $1,000,000.00 in growth-stage companies that do not meet the underwriting criteria of other public and private entrepreneurial financing sources; (3) loans to businesses that are unable to access adequate capital resources because the primary assets of these businesses are typically intellectual property or similar nontangible assets; and (4) loans to advanced manufacturers and other Vermont businesses for product development and intellectual property design.   (b) The Authority shall adopt regulations, policies, and procedures for the Program as are necessary to increase the amount of investment funds available to Vermont businesses whose capital requirements are not being met by conventional lending sources.(c) When considering entrepreneurial lending through the Program, the Authority shall give additional consideration and weight to an application of a business whose business model and practices will have a demonstrable effect in achieving other public policy goals of the State, including:  (1) The business will create jobs in strategic sectors such as the knowledge-based economy, renewable energy, advanced manufacturing, wood products manufacturing, and value-added agricultural processing. (2) The business is located in a designated downtown, village center, growth center, industrial park, or other significant geographic location recognized by the State. (3) The business adopts energy and thermal efficiency practices in its operations or otherwise operates in a way that reflects a commitment to green energy principles. (4) The business will create jobs that pay a livable wage and significant benefits to Vermont employees. (5) The business will create environmental benefits or will manufacture environmentally responsible products.   (d) The Authority shall include provisions in the terms of a loan made under the Program to ensure that a loan recipient shall maintain operations within the State for a minimum of five years from the date on which the recipient receives the loan funds from the Authority or shall otherwise be required to repay the outstanding funds in full. (Added 2009, No. 54, § 28, eff. June 1, 2009; amended 2013, No. 179 (Adj. Sess.), § F.100; 2013, No. 199 (Adj. Sess.), § 4; 2015, No. 51, § E.1, eff. June 3, 2015.)
10 V.S.A. § 280cc
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 12 - Vermont Economic Development Authority|§ 280cc. Creation; purpose; definitions

§ 280cc. Creation; purpose; definitions|(a) There is established within the Authority the Vermont Sustainable Energy Loan Fund, referred to in this subchapter as "the Fund," the purpose of which shall be to enable the Authority to make loans and provide other forms of financing for projects that stimulate and encourage development and deployment of sustainable energy projects in the State of Vermont.(b) In this subchapter:  (1) "Renewable energy" shall have the same meaning as in 30 V.S.A. § 8002(17). (2) "Sustainable energy" means energy efficiency, renewable energy, and technologies that enhance or support the development and implementation of renewable energy or energy efficiency, or both. (Added 2013, No. 87, § 1, eff. June 17, 2013.)
10 V.S.A. § 280dd
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 12 - Vermont Economic Development Authority|§ 280dd. Loan programs administered within the Fund

§ 280dd. Loan programs administered within the Fund|(a) The Fund shall consist of:  (1) Existing sustainable energy loans made by the Authority, the Vermont Small Business Development Corporation, and the Vermont Agricultural Credit Corporation. (2) Sustainable energy loans originated under the following programs:  (A) The Small Business Energy Efficiency Loan Program, under which the Authority provides loans for qualifying commercial energy efficiency improvements. (B) The Renewable Energy Loan Program, which the Authority may create to provide loans for qualifying renewable energy projects. (C) The Agricultural Energy Loan Program, which the Authority may create to provide loans for qualifying agriculture- and forest product-based sustainable energy projects. (D) The Energy Efficiency Loan Guarantee Program, which the Authority may create to provide loan guarantees to participating lending institutions that enroll loans for sustainable energy projects in the Program.  (3) Programs created by the Authority pursuant to subsection (c) of this section.   (b) The Fund shall be administered by the Authority and shall not be subject to 32 V.S.A. chapter 7, subchapter 5.(c) The Authority may establish:  (1) New financing programs that the Authority determines are necessary to encourage and promote sustainable energy projects and reduce reliance upon fossil fuel sources. (2) Policies and procedures for programs within the Fund that the Authority determines are necessary to carry out the purposes of this subchapter.   (d) For all sustainable energy loans, the Authority shall maintain records on the projected reductions in greenhouse gas emissions and, for energy efficiency loans, the projected energy savings from the financed improvements and shall provide data on the projected greenhouse gas emissions reductions and projected energy savings to the Department of Public Service, the Public Utility Commission, and the Agency of Natural Resources on request. The methods used for calculating and reporting this data shall be the same methods used in programs delivered under 30 V.S.A. § 209(d) and (e). The data provided shall be used for the purpose of tracking progress toward the greenhouse gas reduction goals of section 578 of this title and the building efficiency goals of section 581 of this title. (Added 2013, No. 87, § 1, eff. June 17, 2013.)
10 V.S.A. § 280ff
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 12 - Vermont Economic Development Authority|§ 280ff. Funding

§ 280ff. Funding|(a) The State Treasurer, in consultation with the Secretary of Administration, shall negotiate an agreement with the Authority incorporating the provisions of this section and consistent with the requirements of this subchapter.(b) State appropriations to the Authority are based on the Authority's contributions to loan loss reserves for the Program in accordance with generally accepted accounting principles. Any difference between the actual loan losses incurred by the Authority in a fiscal year shall be adjusted in the following year's appropriation.  (1) This is a revolving loan program. (2) The accumulated total of the appropriation shall not exceed $8,500,000.00 over the life of the Program. (3) The Authority shall absorb its historical loan loss reserve rate before any State funds are expended. (4) Additionally, the Authority shall absorb up to $3,000,000.00 in Program losses shared with the State on a pro rata basis. (Added 2019, No. 79, § 15, eff. June 20, 2019; amended 2021, No. 71, § 10, eff. June 8, 2021.)
10 V.S.A. § 290
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 14A - The Entrepreneurs' Seed Capital Fund|§ 290. Definitions

§ 290. Definitions|For purposes of this chapter:  (1) "Follow-on investment" means any investment in a Vermont firm following the initial investment. (2) "Fund manager" means the investment management firm responsible for creating the fund, securing capital commitments, and implementing the fund's investment strategy, consistent with the requirements of this section. The fund manager shall be paid a fee that reflects a percentage of the fund's capital under management and a performance-fee share based on the fund's economic performance, as determined by the Authority. (3) "Seed capital" means first, nonfamily, nonfounder investment in the form of equity or convertible securities issued by a firm that had, in the 12 months preceding the date of the funding commitment, annual gross sales of less than $3,000,000.00. (Added 2009, No. 54, § 25, eff. June 1, 2009.)
10 V.S.A. § 301
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 15 - Vermont Housing and Conservation Trust Fund|§ 301. Short title

§ 301. Short title|This chapter may be cited as the "Vermont Housing and Conservation Trust Fund Act."  (Added 1987, No. 88, § 1, eff. June 11, 1987.)
10 V.S.A. § 302
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 15 - Vermont Housing and Conservation Trust Fund|§ 302. Policy, findings, and purpose

§ 302. Policy, findings, and purpose|(a) The dual goals of creating affordable housing for Vermonters, and conserving and protecting Vermont's agricultural land, forestland, historic properties, important natural areas, and recreational lands are of primary importance to the economic vitality and quality of life of the State.(b) In the best interests of all of its citizens and in order to improve the quality of life for Vermonters and to maintain for the benefit of future generations the essential characteristics of the Vermont countryside, and to support farm, forest, and related enterprises, Vermont should encourage and assist in creating affordable housing and in preserving the State's agricultural land, forestland, historic properties, important natural areas and recreational lands, and in keeping conserved agricultural land in production and affordable for future generations of farmers.(c) It is the purpose of this chapter to create the Vermont Housing and Conservation Trust Fund to be administered by the Vermont Housing and Conservation Board to further the policies established by subsections (a) and (b) of this section. (Added 1987, No. 88, § 1, eff. June 11, 1987; amended 2011, No. 118 (Adj. Sess.), § 1; 2011, No. 142 (Adj. Sess.), § 3, eff. May 15, 2012.)
10 V.S.A. § 303
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 15 - Vermont Housing and Conservation Trust Fund|§ 303. Definitions

§ 303. Definitions|As used in this chapter:  (1) "Board" means the Vermont Housing and Conservation Board established by this chapter. (2) "Fund" means the Vermont Housing and Conservation Trust Fund established by this chapter. (3) "Eligible activity" means any activity which will carry out either or both of the dual purposes of creating affordable housing and conserving and protecting important Vermont lands, including activities which will encourage or assist:  (A) the preservation, rehabilitation, or development of residential dwelling units that are affordable to:  (i) lower income Vermonters; or (ii) for owner-occupied housing, Vermonters whose income is less than or equal to 120 percent of the median income based on statistics from State or federal sources;  (B) the retention of agricultural land for agricultural use, and of forestland for forestry use; (C) the protection of important wildlife habitat and important natural areas; (D) the preservation of historic properties or resources; (E) the protection of areas suited for outdoor public recreational activity; (F) the protection of lands for multiple conservation purposes, including the protection of surface waters and associated natural resources; (G) the development of capacity on the part of an eligible applicant to engage in an eligible activity.  (4) "Eligible applicant" means any:  (A) municipality; (B) State agency as defined in section 6301a of this title; (C) nonprofit organization qualifying under Section 501(c)(3) of the Internal Revenue Code; or (D) cooperative housing organization, the purpose of which is the creation or retention of affordable housing for lower income Vermonters and the bylaws of which require that such housing be maintained as affordable housing for lower income Vermonters on a perpetual basis.  (5) "Lower income" means less than or equal to the median income based on statistics from State or federal sources. (6) "Important natural area" means any area containing one or more endangered species as defined in chapter 123 of this title or any area essential to maintaining the ecological diversity or natural heritage of the State. (7) "Historic property or resource" means any building, structure, object, district, area, or site that is significant in the history, architecture, archeology, or culture of this State, its communities, or the nation. (Added 1987, No. 88, § 1, eff. June 11, 1987; amended 2011, No. 138 (Adj. Sess.), § 29; 2011, No. 142 (Adj. Sess.), § 3, eff. May 15, 2012; 2015, No. 157 (Adj. Sess.), § T.3.)
10 V.S.A. § 312
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 15 - Vermont Housing and Conservation Trust Fund|§ 312. Creation of Vermont Housing and Conservation Trust Fund

§ 312. Creation of Vermont Housing and Conservation Trust Fund|There is created a special fund in the State Treasury to be known as the "Vermont Housing and Conservation Trust Fund." The Fund shall be administered by the Board and expenditures therefrom shall only be made to implement and effectuate the policies and purposes of this chapter. The Fund shall be comprised of 50 percent of the revenue from the property transfer tax under 32 V.S.A. chapter 231 and any monies from time to time appropriated to the Fund by the General Assembly or received from any other source, private or public, approved by the Board. Unexpended balances and any earnings shall remain in the Fund for use in accord with the purposes of this chapter. (Added 1987, No. 88, § 1, eff. June 11, 1987; amended 1997, No. 156 (Adj. Sess.), § 40; 1999, No. 49, § 79.)
10 V.S.A. § 313
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 15 - Vermont Housing and Conservation Trust Fund|§ 313. Expenditure of bond proceeds

§ 313. Expenditure of bond proceeds|Any proceeds of State bonds issued in support of activities under this chapter shall be used exclusively for the funding of long-term, tangible capital investments and those capital expenses allowed under federal laws governing the use of State bond proceeds as determined with the guidance of the State of Vermont's bond counsel. No bond proceeds shall be used to fund the operational expenses of the Board. For purposes of this section, "operational expenses" shall include costs related to persons directly employed or under contract to provide administrative, clerical, financial, lobbying, policy analysis, or research services. (Added 1991, No. 256 (Adj. Sess.), § 21a, eff. June 9, 1992.)
10 V.S.A. § 314
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 15 - Vermont Housing and Conservation Trust Fund|§ 314. Affordable housing bond; investment

§ 314. Affordable housing bond; investment|The Vermont Housing and Conservation Board shall use the proceeds of bonds, notes, and other obligations issued by the Vermont Housing Finance Agency pursuant to subdivision 621(22) of this title and transferred to the Vermont Housing and Conservation Trust Fund to fund the creation and improvement of owner-occupied and rental housing for Vermonters with very low to middle income, in areas targeted for growth and reinvestment, as follows:  (1) not less than 25 percent of the housing shall be targeted to Vermonters with very low income, meaning households with income below 50 percent of area median income; (2) not less than 25 percent of the housing shall be targeted to Vermonters with moderate income, meaning households with income between 80 and 120 percent of area median income; and (3) the remaining housing shall be targeted to Vermonters with income that is less than or equal to 120 percent of area median income, consistent with the provisions of this chapter. (Added 2017, No. 85, § I.2; amended 2017, No. 85, § I.11(a).)
10 V.S.A. § 322
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 15 - Vermont Housing and Conservation Trust Fund|§ 322. Allocation system

§ 322. Allocation system|(a) In determining the allocation of funds available for the purposes of this chapter, the Board shall give priority to projects that combine the dual goals of creating affordable housing and conserving and protecting Vermont's agricultural land, historic properties, important natural areas or recreation lands and also shall consider, but not be limited to, the following factors:  (1) the need to maintain balance between the dual goals in allocating resources; (2) the need for a timely response to unpredictable circumstances or special opportunities to serve the purposes of this chapter; (3) the level of funding or other participation by private or public sources in the activity being considered for funding by the Board; (4) what resources will be required in the future to sustain the project; (5) the need to pursue the goals of this chapter without displacing lower income Vermonters; (6) the long-term effect of a proposed activity and, with respect to affordable housing, the likelihood that the activity will prevent the loss of subsidized housing units and will be of perpetual duration; (7) geographic distribution of funds.   (b) The Board's allocation system shall include a method, defined by rule, that evaluates the need for, impact, and quality of activities proposed by applicants. (Added 1987, No. 88, § 1, eff. June 11, 1987; amended 1997, No. 156 (Adj. Sess.), § 45, eff. April 29, 1998.)
10 V.S.A. § 323
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 15 - Vermont Housing and Conservation Trust Fund|§ 323. Annual report

§ 323. Annual report|Prior to January 31 of each year, the Board shall submit a report concerning its activities to the Governor and to the House Committees on Agriculture and Forestry, on Appropriations, on Corrections and Institutions, on Energy and Technology, on Natural Resources, Fish, and Wildlife, and on Ways and Means and the Senate Committees on Agriculture, on Appropriations, on Finance, on Institutions, and on Natural Resources and Energy. The report shall include the following:  (1) a list and description of activities funded by the Board during the preceding year, including commitments made to fund projects through housing bond proceeds pursuant to section 314 of this title, and project descriptions, levels of affordability, and geographic location; (2) a list of contributions received by the Board, whatever their form or nature, and the source thereof, unless anonymity is a condition of a particular contribution; (3) a full financial report of the Board's activities, including a special accounting of all activities from July 1 through December 31 of the year preceding the legislative session during which the report is submitted; (4) if more than 70 percent of the funds allocated by the Board during the previous year were allocated to either one of the dual goals of this chapter, as established in subsection 302(a) of this title, the Board shall set forth its reasons for not allocating funds more equally between the two. (Added 1987, No. 88, § 1, eff. June 11, 1987; amended 1991, No. 93, § 16, eff. June 26, 1991; 2017, No. 85, § I.3; 2017, No. 113 (Adj. Sess.), § 44.)
10 V.S.A. § 324
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 15 - Vermont Housing and Conservation Trust Fund|§ 324. Stewardship

§ 324. Stewardship|If an activity funded by the Board involves acquisition by the State of an interest in real property for the purpose of conserving and protecting agricultural land or forestland, important natural areas, or recreation lands, the Board, in its discretion, may make a one-time grant to the appropriate State agency or municipality. The grant shall not exceed ten percent of the current appraised value of that property interest and shall be used to support its proper management or maintenance, or both. (Added 1987, No. 88, § 1, eff. June 11, 1987; amended 2011, No. 142 (Adj. Sess.), § 3, eff. May 15, 2012.)
10 V.S.A. § 325
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 15 - Vermont Housing and Conservation Trust Fund|§ 325. Condemnation prohibited

§ 325. Condemnation prohibited|The Board shall not have the authority or power to acquire property for the purposes of this chapter through condemnation or through the exercise of the power of eminent domain. (Added 1987, No. 88, § 1, eff. June 11, 1987.)
10 V.S.A. § 325a
2021 Vermont Statutes|Title 10 - Conservation and Development|Chapter 15 - Vermont Housing and Conservation Trust Fund|§ 325a. Conservation easement review appraisals

§ 325a. Conservation easement review appraisals|The Vermont Housing and Conservation Board shall ensure on a periodic basis that review appraisals are conducted of conservation easements proposed to be acquired pursuant to this chapter. (Added 1995, No. 185 (Adj. Sess.), § 14a, eff. May 22, 1996.)