Terms Used In Vermont Statutes Title 10 Sec. 280k

  • Authority: means the Vermont Economic Development Authority established under section 213 of this title. See
  • Board: means the State Infrastructure Bank Board as established under this subchapter. See
  • Fees: shall mean earnings due for official services, aside from salaries or per diem compensation. See
  • ISTEA: means the federal Intermodal Surface Transportation Efficiency Act of 1991, P. See
  • NHS Act: means the federal National Highway System Designation Act of 1995, P. See
  • Program: means the State Infrastructure Bank Program established pursuant to this subchapter. See
  • State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See

§ 280k. Powers and duties of the Program

The Program is authorized and directed to take all necessary or incidental actions to secure for the State the benefits of ISTEA and the NHS Act, and any similar programs, including exercise of the powers:

(1) to establish and collect such fees, charges, and interest rates in compliance with federal requirements and as the Board determines to be reasonable, and to hold, apply and disburse such funds within or without the Program to implement the purposes of this subchapter;

(2) to establish, jointly with the Authority, fiscal controls and accounting procedures for the Program. (Added 1997, No. 43, § 1.)