Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee reviews Senate change to H.398 that alters disaster loan eligibility review by VEDA
Summary
The House Commerce & Economic Development Committee considered a Senate amendment to H.398 that replaces a categorical ineligibility for businesses that received state disaster aid with language requiring the Vermont Economic Development Authority to consider such prior aid when making loan decisions.
Members of the House Committee on Commerce & Economic Development on May 8 examined a Senate amendment to H.398 that would change how the Vermont Economic Development Authority (VEDA) determines eligibility for a disaster recovery loan fund.
The amendment would remove a House-added provision that barred businesses from receiving disaster recovery loans if they already had received disaster recovery financial assistance from the state for the same event, and would instead require VEDA to "consider whether a business has received disaster recovery financial assistance from the state for the same disaster event" when deciding on loans, legislative counsel Cameron…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
