Vermont § 4769 - Loans to hardship municipalities
Full text of Vermont Vermont Statutes Online § 4769 — Loans to hardship municipalities, with citation guidance and answers to common questions.
§ 4769. Loans to hardship municipalities
- (a) Waiver of bond vote. A hardship municipality may receive a loan for an eligible project that includes a
loan subsidy of up to $200,000.00 in the form of 100 percent principal forgiveness
with no interest or administrative fee from funds authorized in subdivision 4753(a)(3) of this title, subject to the availability of such loan subsidy. Notwithstanding the provisions
of subdivision 4755(a)(3) of this title, the loan is not required to be evidenced by a municipal bond up to the amount to
be forgiven. (b) Waiver of reimbursement method required in statute. Notwithstanding the provisions of subsection 4755(b) of this title, loan funds may be disbursed to a hardship municipality for its approved project
upon receipt by the Department of eligible project invoices without prior payment
by the municipality. (Added 2019, No. 72, § E.700.1.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 4769
What does Vermont Statutes Online § 4769 cover?
Section 4769 ("Loans to hardship municipalities") 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 § 4769?
A common citation format is "Vermont Statutes Online § 4769" (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 § 4769 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.