Vermont Statutes Annotated — Title 32 (Taxation and Finance)
32 V.S.A. § 998
Loans and grants
In the event the State Treasurer issues bonds the interest on which is not to be included in gross income for federal income tax purposes, to the extent that such funds are made available to any municipal corporation, any instrumentality thereof or of the State, or to any other person, the State Treasurer may require the recipients of the funds to enter into agreements regulating the use and investments of funds made available to them, requiring them to account to the State for the investment of such funds, and requiring them to pay to the State earnings on such funds which the State is required to rebate to the federal government. Recipients are authorized to enter into such agreements with the State which shall be valid and enforceable against them. (
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In this chapter (40 sections)
- 13-953 · Sales, record
- 13-954 · Proceeds
- 13-955 · Anticipation of proceeds
- 13-956 · Time available
- 13-957 · Consolidation
- 13-958 · Expiration of office
- 13-959 · Repealed. 1989, No. 52, § 17(a), eff. May 17, 1989
- 13-960 · Issuance of bonds
- 13-961 · Refunding bonds
- 13-962 · Private use compliance, notice, and approval
- 13-971 · Repealed. 1966, No. 32, § 3
- 13-972 · Transportation Infrastructure Bonds
- 13-973 · Issuance of bonds
- 13-974 · Security documents
- 13-975 · Proceeds
- 13-975a · Authority of Treasurer
- 13-975b · Debt service appropriations
- 13-976 · Anticipation of proceeds
- 13-977 · Refunding bonds
- 13-978 · Pledge
- 13-979 · Authorities
- 13-980 · Authority to issue Transportation Infrastructure Bonds
- 13-981 · Form of bonds or notes
- 13-982 · Transfer agent
- 13-983 · Confidential registry
- 13-984 · Additional powers
- 13-985 · Application
- 13-991 · Definitions
- 13-992 · Allocation; authority
- 13-993 · Public approval, out-of-state issuers
- 13-994 · Recommendation regarding private bond volume cap
- 13-995 · Agreements for the exemption of interest
- 13-996 · Delegation authorized
- 13-997 · State covenant
- 13-998 · Loans and grants
- 13-999 · Interest remittance and payments
- 13-1000 · Affordable amount of general obligation bond authorization
- 13-1001 · Capital Debt Affordability Advisory Committee
- 13-1001a · Reports
- 13-1001b · Cash Fund for Capital and Essential Investments