Title 10, Title 10: Conservation and Development

§ 3. Economic development; principles; review and assessment (a) For purposes of the Vermont Statutes Annotated and State economic development programs and assistance, “economic development” means the process of generating economic wealth and vitality, security, and opportunity f…

§ 4. New relocating employee incentives (a) The Agency of Commerce and Community Development shall design and implement a program to award incentive grants to relocating employees as provided in this section and subject to the policies and procedures the Agency adopts to implemen…

§ 7. Economic development; assistance and incentives benchmark reports (a) For purposes of this section, “economic development assistance recipient” means any business entity, including a for-profit corporation, a nonprofit corporation, a partnership, or a sole proprietorship tha…

§ 8. Southern Vermont Economic Development Zone There is created the Southern Vermont Economic Development Zone, comprising the geographic areas served by the Brattleboro Development Credit Corporation and the Bennington County Industrial Corporation. (Added 2015, No. 51, § F.3, …

§ 9. Investment in Vermont Community Loan Fund Notwithstanding any provision of 32 V.S.A. § 433(a) to the contrary, the State Treasurer is authorized to invest up to $2,000,000.00 of short-term operating or restricted funds in the Vermont Community Loan Fund on terms acceptable t…

§ 51. Vermont building The Secretary of Agriculture, Food and Markets is hereby invested with the management and control of the operation and affairs of the Vermont building at Eastern States Exposition. The Secretary shall cooperate with public and private agencies for the purpo…

§ 52. Maintenance The Department of Buildings and General Services shall be responsible for the maintenance of the land and buildings and repair and alterations of the physical structure including adequate coverage by insurance. (Amended 1983, No. 141 (Adj. Sess.), § 4(a), eff. A…

§ 53. Assistants The Secretary may, with the approval of the Governor, employ such persons to carry out the operation of such building, including the rental or lease or sale of rental or exhibition space of any portion of such building upon such terms and conditions as the Secret…

§ 54. Rental of building; disposition of funds The Secretary may rent the building or parts thereof for exhibition purposes to available exhibitors with reasonable preference being given to exhibitors from this State and, with the approval of the Governor, may rent or lease any p…

§ 101. Division of Geology and Mineral Resources; duties The Division of Geology and Mineral Resources shall: (1) conduct surveys and research related to the geology, mineral resources, and topography of the State; (2) give aid and advice as may be possible relating to the develo…

§ 103. Contracts; maps (a) For the purpose of maintaining the geologic, mineral resource, and topographic surveys of this State, the Division of Geology and Mineral Resources may contract with agencies or departments of the U.S. government, for such work as may be required, inclu…

§ 104. Expenditure of monies The monies annually available for the purposes of section 103 of this title shall be expended by the State in accordance with the provisions of that section and relevant federal regulations. (Amended 1959, No. 328 (Adj. Sess.), § 8(b); 1983, No. 195 (…

§ 105. Geological publications and products; account A special fund account to be known as the State Geological Publications Account is created. The Account shall contain all receipts from the sale of geological publications and products produced and sold by the State Geologist, …

§ 121. Definitions As used in this chapter: (1) “VGIS” means the Vermont Geographic Information System developed pursuant to the comprehensive strategy developed by the Center as required by section 122 of this title. (2) “Electronic products and services” means computer-related …

§ 122. Vermont Center for Geographic Information; establishment (a) The State of Vermont shall support a comprehensive strategy for the development and use of a geographic information system, including: (1) data and mapping standards; (2) potential applications and their prioriti…

§ 123. Powers and duties (a) [Repealed.] (b) The purposes of the Center shall be to: (1) assure that all VGIS data are of high quality and are compatible with, useful to, and shared with other public-sector and private-sector data users; (2) encourage the same high standards of q…

§ 127. Resource mapping (a) The Secretary of Natural Resources shall complete and maintain resource mapping based on the Geographic Information System (GIS) or other technology. The mapping shall identify natural resources throughout the State, including forest blocks and habitat…

§ 128. Vermont Center for Geographic Information Special Fund (a) A special fund is created for the operation of the Vermont Center for Geographic Information in the Agency of Digital Services. The fund shall consist of revenues derived from the charges by the Agency of Digital S…

§ 151. Terminology and spelling (a) The State Librarian is authorized to furnish for any federal or state publication the proper terminology and spelling of any geographic name in Vermont and may advise the U.S. Postal service regarding the proper selection and spelling of the na…

§ 152. Authority to name geographic locations The Board of Libraries is hereby designated the State agency to name geographic locations, including mountains, streams, lakes, and ponds, upon petition signed by not less than 25 interested persons or by petition of an administrative…

§ 153. Procedure When the Board receives a petition to act under section 152 of this title it shall give reasonable notice to each administrative department of the State having jurisdiction of the location to be named and to each town in which the location lies of the time and pl…

§ 154. Standards The Board in choosing names shall give preference to historical events, historic persons, and flora and fauna native to Vermont; names characteristic to Vermont; and its traditions and local place names where long usage has made them appropriate and useful. (1961…

§ 210. Statutory purposes The statutory purpose of the exemption for local development corporations in section 236 of this title is to promote economic development. (Added 2013, No. 200 (Adj. Sess.), § 7.)

§ 211. Legislative findings (a) The Legislature finds that it is necessary to alleviate and prevent unemployment and underemployment and to raise the per capita income within the State, that the development and increase of industry, including the further processing of agricultura…

§ 212. Definitions As used in this chapter: (1) “Authority” means the Vermont Economic Development Authority established under section 213 of this title. (2) “Bond” means a note, bond, debenture, or any other evidence of indebtedness issued by a municipality or by the State of Ve…

§ 213. Authority; organization (a) The Vermont Economic Development Authority is hereby created and established as a body corporate and politic and a public instrumentality of the State. The exercise by the Authority of the powers conferred upon it in this chapter constitutes the…

§ 214. Members; disqualification A member of the Authority may not participate in any decision: (1) under subchapter 3 of this chapter affecting a local development corporation if the member is a stockholder or member of that corporation; (2) upon any loan under subchapter 5 of t…

§ 215. Manager; duties The manager shall be the chief administrative officer of the Authority and shall direct and supervise the administrative affairs and technical activities of the Authority in accordance with any rules, policies, and procedures set forth by the Authority. In …

§ 216. Authority; general powers The Authority is hereby authorized: (1) To sue and be sued in its own name and plead and be impleaded; service of process upon it in any action shall be made by service upon the Secretary of State either in hand or by leaving a copy of the process…

§ 217. Records; annual report; audit (a) The Authority shall keep an accurate account of all its activities and of all its receipts and expenditures. (b) Prior to February 1 in each year, the Authority shall submit a report of its activities for the preceding fiscal year to the G…

§ 217a. Application Among such other things as may be required by the Authority, any application for financing under this chapter shall state in detail on the application the nature and purpose of the business and its products for which the loan or revenue bonds are intended to b…

§ 218. Construction (a) The powers conferred by this chapter are supplemental and alternative to other powers conferred by law. (b) No notice, proceedings, or approval, including licensure under 8 V.S.A. chapter 73, shall be required with respect to any action taken under this ch…

§ 219. Reserve funds (a) The Authority may create and establish one or more special funds, herein referred to as “debt service reserve funds,” and shall pay into each such debt service reserve fund: (1) Any monies appropriated and made available by the State for the purpose of su…

§ 220. Transfer from Indemnification Fund The State Treasurer shall transfer from the Indemnification Fund created in former section 222a of this title to the Authority all current and future amounts deposited to that Fund. (Added 2015, No. 157 (Adj. Sess.), § A.4, eff. June 2, 2…

§ 220a. The Vermont Jobs Fund (a) There is hereby created the Vermont Jobs Fund, hereinafter called the Fund, which shall be used by the Authority as a nonlapsing fund for the purposes of this chapter. To it shall be charged all operating expenses of the Authority not otherwise p…

§ 231. Assistance to local development corporations Upon application of a local development corporation, the Authority may loan money to that local development corporation, upon such terms and conditions as it may prescribe, for the purpose of industrial park planning and develop…

§ 232. Issuance of loans for speculative buildings and small business incubator facilities Before issuing any loan under this subchapter for construction of a speculative building or small business incubator facilities and the purchase of land in connection therewith, the Authori…

§ 233. Depressed areas The Authority shall give preference to the areas within labor market districts declared to be economically depressed areas as defined by the Vermont Agency of Commerce and Community Development or the Vermont Department of Labor, or to the area that is a de…

§ 236. Taxes (a) While a part of a building or industrial park owned by a local development corporation and subject to a mortgage to the Authority or the State of Vermont under this subchapter remains unoccupied, that portion that remains unoccupied shall be exempt from all taxes…

§ 237. Issuing of loans for industrial park planning and development projects Before issuing any loan under this subchapter for industrial park planning and development, and the purchase of land in connection therewith, the Authority shall determine and incorporate in its minutes…

§ 241. Powers of municipalities Municipalities shall have the following powers in addition to any other powers given them by law: (1) To engage in projects under this subchapter within the municipality or partially within the municipality but entirely within the State, to acquire…

§ 242. Financing documents (a) A financing document shall: (1) provide for payments by the user at such times and in such amounts as are necessary in order to pay the debt service on all bonds issued to finance the project as they become due; and (2) obligate the user to pay all …

§ 243. Security documents (a) An assignment, pledge, mortgage or other encumbrance of all or part of a municipality’s right to receive payments with respect to an eligible facility contained in a security document shall be fully effective from the time when the security document …

§ 244. Bonds (a) Bonds authorized under this subchapter may, without limitation, be issued: (1) in one or more series of one or more denominations and bearing one or more rates of interest; (2) in bearer form or registered form with or without privileges of conversion and reconve…

§ 245. Municipal proceedings All actions of a municipality in the exercise of its powers with respect to a project and the financing thereof shall be authorized by resolution adopted by majority vote of all of the members of its governing body. Unless otherwise provided in the re…

§ 246. Approval of Authority No municipality may acquire any interest in an eligible facility or execute any financing document or security document or issue any bonds under this subchapter without the approval of the Authority, but nothing herein contained shall prevent a munici…