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Committee split on using higher-education trust fund for UVM convention center; supports scholarship and micro-credential requests

Vermont House Committee on Commerce & Economic Development · February 25, 2026
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Summary

Members discussed UVM’s request to use $15 million from the Higher Education Trust Fund for a multipurpose/convention center and expressed reservations about using the trust fund for that purpose while supporting Freedom and Unity scholarship funding and other higher-education grants.

The committee considered several higher-education funding requests as it drafted its Appropriations letter on Feb. 24.

UVM requested authorization to use $15,000,000 from the Higher Education Trust Fund to support a multipurpose/convention center. Several committee members said they support the concept of a convention center but opposed using the Higher Education Trust Fund—established from estate-tax special funds and intended…

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