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Conservation district urges committee to study public‑bank models alongside green‑bank options
Summary
Jennifer Byrne of the White River Natural Resources Conservation District told the committee that Vermont should examine public‑banking models in parallel with green banks, explaining how public banks can keep deposits local and create revolving credit to support long‑term conservation and agricultural investments.
Jennifer Byrne, district manager for the White River Natural Resources Conservation District, told the Senate Natural Resources & Energy Committee on Jan. 29 that S174’s study of green bank models should also examine public banking because the two tools serve complementary roles.
Byrne explained that green banks typically operate as financing programs that improve loan terms or share risk but do not hold deposits…
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