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House concurs with Senate amendment creating Vermont disaster recovery loan fund, narrows eligibility to avoid duplicate aid
Summary
The House concurred in a Senate amendment to H.398 (Vermont Economic Development Authority legislation) that establishes a Vermont Disaster Recovery Loan Fund and adds a provision to consider whether applicants received state disaster assistance for the same event when determining eligibility.
The Vermont House voted to concur in the Senate'proposed amendment to H.398, a bill making technical changes to the Vermont Economic Development Authority (VEDA) statute and establishing a Vermont Disaster Recovery Loan Fund.
Representative (member from Whitingham), speaking for the House commerce committee, said the bill makes technical corrections to the VEDA statute (10 V.S.A. chapter 12) and establishes a disaster recovery loan fund to provide lending to businesses after a disaster event. The committee noted a related bill, S.60, would establish a Farm Security Special Fund to provide grants for farm losses due to weather; both measures…
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