Vermont § 4768 - Repayment of advances Advances under this subchapter shall be repaid when construction of the facilities or any portion thereof is undertaken
Full text of Vermont Vermont Statutes Online § 4768 — Repayment of advances Advances under this subchapter shall be repaid when construction of the facilities or any portion thereof is undertaken, with citation guidance and answers to common questions.
§ 4768. Repayment of advances Advances under this subchapter shall be repaid when construction of the facilities or any portion thereof is undertaken
- . Where a construction grant or loan is authorized
by the Department for the project, the amount of the outstanding advances shall be
retained from the initial payments of the grant or loan funds. In other instances,
if repayment is not made within 60 days upon demand by the Department, the sum shall
bear interest at the rate of 12 percent per annum from the date payment is demanded
by the Department to the date of payment by the municipality. The Department may approve
proportional repayment when construction is initiated on a small portion of the planned
project. (Added 2015, No. 103 (Adj. Sess.), § 37, eff. May 12, 2016.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 4768
What does Vermont Statutes Online § 4768 cover?
Section 4768 ("Repayment of advances Advances under this subchapter shall be repaid when construction of the facilities or any portion thereof is undertaken") 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 § 4768?
A common citation format is "Vermont Statutes Online § 4768" (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 § 4768 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.