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Senate amends and passes bill expanding VIDA eligibility, adds consult on non‑declared disasters
Summary
The Senate amended and passed H.398 to clarify Vermont Economic Development Authority (VIDA) language, explicitly include forest operations in an eligible disaster recovery loan program and require consultation for funds after a 'non declared disaster event.'
The Vermont Senate amended and passed H.398 on Tuesday after floor debate and an amendment clarifying the bill’s scope and consultation requirements for disaster recovery lending.
A senator from Chittenden explained the amendment, saying the first change aligns statutory language so when VIDA acts with certain powers “they're acting as the authority and not the state.” The Senate also inserted language requested by the Department of Forests, Parks and Recreation to…
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