Vermont § 3342 - Annual program cap

Full text of Vermont Vermont Statutes Online § 3342 — Annual program cap, with citation guidance and answers to common questions.

§ 3342. Annual program cap

  • (a) In each calendar year the Vermont Economic Progress Council may approve one or more
    incentives under this subchapter, the total value of which shall not exceed: (1) $15,000,000.00 for one or more initial approvals; and (2) $10,000,000.00 for one or more final approvals. (b) The Council may increase the cap imposed in subdivision (a)(2) of this section by
    not more than $5,000,000.00 upon application by the Governor to, and approval of,
    the Joint Fiscal Committee. (c) In evaluating the Governor’s request, the Committee shall consider the economic and
    fiscal condition of the State, including recent revenue forecasts and budget projections. (d) The Council shall provide the Committee with testimony, documentation, company-specific
    data, and any other information the Committee requests to demonstrate that increasing
    the cap will create an opportunity for return on investment to the State. (Added 2015, No. 157 (Adj. Sess.), § H.1, eff. Jan. 1, 2017.)

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Frequently Asked Questions About Vermont § 3342

What does Vermont Statutes Online § 3342 cover?

Section 3342 ("Annual program cap") 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 § 3342?

A common citation format is "Vermont Statutes Online § 3342" (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 § 3342 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.