Vermont § 3522 - Loan program

Full text of Vermont Vermont Statutes Online § 3522 — Loan program, with citation guidance and answers to common questions.

§ 3522. Loan program

  • (a) The State Economic Opportunity Office shall administer a low-interest loan program. (b) Loans may be made to persons unable to obtain conventional financing for the purpose
    of establishing or expanding or renovating a child care facility in this State. The
    terms of the loans shall be determined by the State Economic Opportunity Office, but
    shall not be made in an amount in excess of $10,000.00 to any single applicant, nor
    at a rate to exceed eight and one-half percent, simple interest per annum. (c) A Child Care Facilities Financing Revolving Loan Fund shall be established for the
    Child Care Facilities Financing Program within the State Economic Opportunity Office
    of the Agency of Human Services. The Fund shall contain appropriations provided for
    that purpose and all repayments of principal and interest of loans under this section.
    Interest earnings may be used for administration of this Program. (d) The Director of the Office of Economic Opportunity shall establish by rule, the criteria,
    conditions, and procedures that will be used in administering the provisions of this
    subchapter. (Added 1987, No. 206 (Adj. Sess.); amended 1995, No. 188 (Adj. Sess.), § 7; 2005, No. 174 (Adj. Sess.), § 113.)

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Frequently Asked Questions About Vermont § 3522

What does Vermont Statutes Online § 3522 cover?

Section 3522 ("Loan program") 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 § 3522?

A common citation format is "Vermont Statutes Online § 3522" (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 § 3522 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.