Vermont § 280h - Receipt and administration of Program funds
Full text of Vermont Vermont Statutes Online § 280h — Receipt and administration of Program funds, with citation guidance and answers to common questions.
§ 280h. Receipt and administration of Program funds
- (a) The Authority shall receive in trust, hold, administer, and disburse in and from the
Program exclusively for the benefit of the beneficiaries the following monies: (1) federal grants and awards or other federal assistance received by the Agency or the
State and eligible for deposit therein under applicable federal law; (2) amounts appropriated by the State to the Program for purposes of the Program; (3) loan and lease payments and other payments received by the Program in respect of providing
financial assistance to qualified borrowers; (4) investment earnings on monies in the Program; and (5) any other amounts required to be credited to the Program by any law or by any resolution,
loan agreement, or trust agreement or which the State or the Secretary shall otherwise
determine to deposit therein. (b) Application of amounts in the Program shall be subject to the requirements of this
subchapter and the provisions of any applicable loan agreement or trust agreement
and, with respect to amounts held pursuant to grants or awards made under 23 U.S.C. § 101 et seq., or 49 U.S.C. § 5301 et seq., or any other federal law, to the applicable requirements of federal law.
The Authority shall be the custodian of the Fund as provided in this subchapter, and,
subject to any applicable trust agreement, the Authority is authorized to invest monies
held in the Program in such investments as may be legal investments for funds of the
State, subject, however, with respect to funds deposited in the Program pursuant to
section 350 of the NHS Act, to the provisions of section 350(e)(3) of the NHS Act. (Added 1997, No. 43, § 1.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 280h
What does Vermont Statutes Online § 280h cover?
Section 280h ("Receipt and administration of Program funds") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 280h?
A common citation format is "Vermont Statutes Online § 280h" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 280h apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.