Vermont § 4592 - Supplementary powers The Bank, in addition to any other powers granted in this chapter, has the following powers:

Full text of Vermont Vermont Statutes Online § 4592 — Supplementary powers The Bank, in addition to any other powers granted in this chapter, has the following powers:, with citation guidance and answers to common questions.

§ 4592. Supplementary powers The Bank, in addition to any other powers granted in this chapter, has the following powers:

  • (1) In connection with any loan to a governmental unit, to consider the need, desirability,
    or eligibility of the loan, the ability of the governmental unit to secure borrowed
    money from other sources and the costs thereof, and the particular public improvement
    or purpose to be financed by the municipal bonds or revenue bonds to be purchased
    by the Bank. (2) To charge for its costs and services in review or consideration of any proposed loan
    to a governmental unit or purchase of municipal bonds or revenue bonds of a governmental
    unit, and to charge therefor whether or not the loan is made or the municipal bonds
    or revenue bonds are purchased. (3) To establish any terms and provisions with respect to any loan to governmental units
    through the purchase of municipal bonds or revenue bonds by the Bank, including date
    and maturities of the bonds, provisions as to redemption or payment prior to maturity,
    and any other matters that are necessary, desirable, or advisable in the judgment
    of the Bank. (4) To conduct examinations and hearings and to hear testimony and take proof, under oath
    or affirmation, at public or private hearings, on any matter material for its information
    and necessary to carry out this chapter. (5) To issue subpoenas requiring the attendance of witnesses and the production of books
    and papers pertinent to any hearing before the Bank, or before one or more of the
    directors of the Bank appointed by it to conduct the hearing. (6) To apply to any court, having territorial jurisdiction of the offense, to have punished
    for contempt any witness who refuses to obey a subpoena, or who refuses to be sworn
    or affirmed to testify, or who is guilty of any contempt after summons to appear. (7) To procure insurance against any losses in connection with its property, operations,
    or assets in such amounts and from such insurers as it deems desirable. (8) To the extent permitted under its contracts with the holders of bonds or notes of
    the Bank, to consent to any modification of the rate of interest, time, and payment
    of any installment of principal or interest, security, or any other term of bond or
    note, contract, or agreement of any kind to which the Bank is a party. (9) To issue its bonds or notes that are secured by neither the Reserve Fund nor the Revenue

Source: official Vermont text · Last verified 2026-08-27

Frequently Asked Questions About Vermont § 4592

What does Vermont Statutes Online § 4592 cover?

Section 4592 ("Supplementary powers The Bank, in addition to any other powers granted in this chapter, has the following powers:") 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 § 4592?

A common citation format is "Vermont Statutes Online § 4592" (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 § 4592 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.