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Vermont Bond Bank proposes assessment‑district revenue bonds and small technical fixes to S.127’s infrastructure fund
Summary
Michael Gaughan, executive director of the Vermont Bond Bank, told the House Commerce & Economic Development Committee that S.127’s Vermont Sustainable Infrastructure Fund needs minor technical clarifications and that the state should authorize assessment‑district revenue bonds secured only by benefiting properties.
Michael Gaughan, executive director of the Vermont Bond Bank, told the House Commerce & Economic Development Committee on April 16 that the bill’s Vermont Sustainable Infrastructure Fund could be effective but requested two technical clarifications and proposed a complementary financing tool for small or targeted projects.
Gaughan asked that the bill identify a successor index or metric in the application criteria in case the currently cited vulnerability/capacity index changes or is discontinued. He also recommended explicit authority for the fund to make interfund loans…
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