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Vermont Statutes Title 10. Conservation and Development, § 687. Allocation system

Current as of January 01, 2024 | Updated by FindLaw Staff

The Secretary, with the advice and assistance of the Board, shall establish a system for the allocation of community development program funds.

(1) The allocation system shall be based on the intent, purpose, goal, and objectives of this subchapter.

(2) The allocation system shall be competitive and shall provide the opportunity for any eligible municipality or municipalities to compete for funding for community development projects.

(3) The system shall ensure that a wide range of community development activities shall be eligible for funding. These may include:

(A) the acquisition, rehabilitation, or expansion of housing;

(B) the creation, expansion, or retention of employment through the stimulation of private investment and community revitalization;

(C) the installation, rehabilitation, or replacement of public facilities;

(D) activities that test the feasibility of innovative approaches to community development;

(E) activities that provide timely responses to unpredictable circumstances or special development opportunities.

(4) The allocation system shall include a method through which the need for, and impact of, the projects proposed by municipalities shall be measured and shall establish a process for evaluation of the applications.

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Cite this article: FindLaw.com - Vermont Statutes Title 10. Conservation and Development, § 687. Allocation system - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-10-conservation-and-development/vt-st-tit-10-sect-687/

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