Vermont § 4306 - Municipal and Regional Planning and Resilience Fund

§ 4306. Municipal and Regional Planning and Resilience Fund

• (a)(1) The Municipal and Regional Planning and Resilience Fund for the purpose of assisting
  municipal and regional planning commissions to carry out the intent of this chapter
  is hereby created in the State Treasury. (2) The Fund shall be composed of 13 percent of the revenue deposited from the property
  transfer tax under 32 V.S.A. chapter 231 and any monies from time to time appropriated to the Fund by the General Assembly
  or received from any other source, private or public. All balances at the end of any
  fiscal year shall be carried forward and remain in the Fund. Interest earned by the
  Fund shall be deposited in the Fund. (3) Of the revenues in the Fund, each year: (A) 10 percent shall be disbursed to the Vermont Center for Geographic Information; (B) 70 percent shall be disbursed to the Secretary of Commerce and Community Development
  for performance contracts with regional planning commissions to provide regional planning
  services pursuant to section 4341a of this title; and (C) 20 percent shall be disbursed to municipalities. (b)(1) Allocations for performance contract funding to regional planning commissions shall
  be determined according to a formula to be adopted by rule under 3 V.S.A. chapter 25 by the Department for the assistance of the regional planning commissions. Disbursement
  of funding to regional planning commissions shall be predicated upon meeting performance
  goals and targets pursuant to the terms of the performance contract. (2) Disbursement to municipalities shall be awarded annually on or before December 31
  through a competitive program administered by the Department providing the opportunity
  for any eligible municipality or municipalities to compete regardless of size, provided
  that to receive funds, a municipality: (A) shall be confirmed under section 4350 of this title; or (B)