Vermont § 4753a - Awards from revolving loan funds

§ 4753a. Awards from revolving loan funds

• (a) Pollution control. The General Assembly shall approve all categories of awards made from the special
  funds established by section 4753 of this title for water pollution abatement and facility construction, in order to assure that
  such awards conform with State policy on water quality and pollution abatement, and
  with the State policy that municipal entities shall receive first priority in the
  award of public monies for such construction, including monies returned to the revolving
  funds from previous awards. To facilitate this legislative oversight, the Secretary
  of Natural Resources shall annually on or before January 15 report to the House Committees
  on Corrections and Institutions and on Natural Resources, Fish, and Wildlife and the
  Senate Committees on Institutions and on Natural Resources and Energy on all awards
  made from the relevant special funds during the prior and current fiscal years, and
  shall report on and seek legislative approval of all the types of projects for which
  awards are proposed to be made from the relevant special funds during the current
  or any subsequent fiscal year. Where feasible, the specific projects shall be listed.
  The provisions of 2 V.S.A. § 20(d) (expiration of required reports) shall not apply to the report to be made under this
  subsection. (b) [Repealed.] (c) [Repealed.] (d) Loan forgiveness; pollution control. Notwithstanding any other provision of law regarding loan forgiveness, upon the award
  of a loan from the Vermont Environmental Protection Agency Pollution Control Revolving
  Fund (CWSRF), the Secretary of Natural Resources, in a manner that is consistent with
  federal grant provisions, may provide loan forgiveness. (e) Loan forgiveness; drinking water. (1) Notwithstanding any other provision of law regarding loan forgiveness, upon the award
  of a loan from the Vermont Environmental Protection Agency Drinking Water State Revolving
  Fund (DWSRF), the Secretary of Natural Resources, in a manner that is consistent with
  federal grant provisions, may provide loan forgiveness. (2) Notwithstanding any other provision of law regarding loan forgiveness, upon the award
  of a loan from the Vermont Drinking Water State Revolving Loan Fund, the Secretary
  of Natural Resources may provide loan forgiveness for preliminary engineering and
  final design costs when a municipality undertakes such engineering on behalf of a
  household that has been disconnected involuntarily from a public water supply system
  for reasons other than nonpayment of fees, provided it is not the same municipality
  that is disconnecting the household. (f) Loan forgiveness standard. The Secretary shall establish standards, policies, and procedures as necessary for
  implementing subsections (d) and (e) of this section for allocating the funds among
  projects and for revising standard priority lists in order to comply with requirements
  associated with federal capitalization grant agreements. (Added 1997, No. 148 (Adj. Sess.), § 52, eff. April 29, 1998; amended 2007, No. 52, § 47, eff. May 28, 2007; 2011, No. 117 (Adj. Sess.), § 4; 2011, No. 161 (Adj. Sess.), § 15; 2013, No. 142 (Adj. Sess.), § 40; 2015, No. 26, § 39, eff. May 18, 2015; 2015, No. 97 (Adj. Sess.), § 58; 2015, No. 103 (Adj. Sess.), § 27, eff. May 12, 2016; 2017, No. 113 (Adj. Sess.), § 159a.)