Vermont § 374e - Agricultural Credit Development Fund The Agricultural Credit Development Fund is created and shall be used by the corporation for the purposes of this chapter
Full text of Vermont Vermont Statutes Online § 374e — Agricultural Credit Development Fund The Agricultural Credit Development Fund is created and shall be used by the corporation for the purposes of this chapter, with citation guidance and answers to common questions.
§ 374e. Agricultural Credit Development Fund The Agricultural Credit Development Fund is created and shall be used by the corporation for the purposes of this chapter
- . All reasonable administrative expenses of the corporation
shall be paid from the Fund. The Fund shall be credited with any appropriations made
by the General Assembly, all payments of principal and interest received from loans
transferred or assigned to or made by the corporation, any available grants or gifts
made to the corporation, the proceeds of any sale, transfer, pledge, mortgage, hypothecation,
or other disposition of loans transferred or assigned to the corporation by the Authority
and loans made by the corporation pursuant to this chapter, and any funds borrowed
by the corporation. Monies in the Fund may, after payment of reasonable administrative
expenses and debt service on the indebtedness of the corporation incurred in furtherance
of its purposes under this chapter, be loaned by the corporation directly to eligible
borrowers, used to purchase or acquire portions of loans made by unrelated third party
lenders to eligible borrowers, or to subsidize the payment of interest on the debt
of the corporation so as to lower the interest rate on loans made by the corporation
to eligible borrowers. (Added 1999, No. 25, § 1.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 374e
What does Vermont Statutes Online § 374e cover?
Section 374e ("Agricultural Credit Development Fund The Agricultural Credit Development Fund is created and shall be used by the corporation for the purposes of this chapter") 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 § 374e?
A common citation format is "Vermont Statutes Online § 374e" (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 § 374e 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.