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Bankers urge informal partnerships rather than a standalone Green Bank; treasurer offers to run formal study
Summary
Vermont Bankers Association urged the committee to use existing institutions and informal convenings instead of creating a standalone Green Bank; Deputy Treasurer David Sher said the treasurer's office can perform a formal study with a one-time appropriation.
Witnesses told the Natural Resources & Energy committee on Jan. 27 that state policymakers can explore climate and clean-energy financing without immediately creating a standalone Green Bank.
Representing the Vermont Bankers Association, Delia said the association “does not support the general concepts of a state bank or green bank as a stand alone entity,” but that existing public and private partners — credit unions, the Vermont Housing Finance Agency, the bond bank and others — routinely…
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