Vermont § 698 - Infrastructure improvement program
Full text of Vermont Vermont Statutes Online § 698 — Infrastructure improvement program, with citation guidance and answers to common questions.
§ 698. Infrastructure improvement program
- (a) A municipality that is within a designated job development zone shall be eligible
to receive a payment each year from the Agency of Commerce and Community Development
to reimburse annual interest costs on indebtedness for economic development related
infrastructure projects approved after July 1, 1986. Annual reimbursement payments
shall be limited to $1,000,000 of indebtedness in a designated job development zone.
The Agency shall require the municipality to submit an amortization schedule and proof
of payment of its annual interest payment on bonds. The Agency shall not reimburse
a municipality for infrastructure projects unless requests for payment are received
within three months after the end of the fiscal year. (b) Economic development related infrastructure projects shall include water supply, pollution
abatement, and highway facilities and such other municipal facilities as may be established
by rule under section 695 of this chapter. (Added 1985, No. 172 (Adj. Sess.), § 1; amended 1995, No. 190 (Adj. Sess.), § 1(a).)
Frequently Asked Questions About Vermont § 698
What does Vermont Statutes Online § 698 cover?
Section 698 ("Infrastructure improvement program") 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 § 698?
A common citation format is "Vermont Statutes Online § 698" (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 § 698 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.