§222a. Indemnification fund

Link to law: http://legislature.vermont.gov/statutes/section/10/012/00222a
Published: 2015

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The Vermont Statutes Online



Title

10

:
Conservation and Development






Chapter

012

:
VERMONT ECONOMIC DEVELOPMENT AUTHORITY






Subchapter

002
:
MORTGAGE INSURANCE










 

§

222a. Indemnification fund

There is hereby

created an indemnification fund to be held by the state treasurer to support

the activities of the authority under this subchapter and subchapter 8 of this

chapter. The fund shall not be subject to the provisions of subchapter 5 of

chapter 7 of Title 32. To the fund shall be deposited:

(1) all annual

net revenues to the state from the funds created under sections 222 (industrial

building mortgage insurance fund) and 279 (Vermont financial access program) of

this title; and

(2) all interest

and other earnings of the fund. (Added 2005, No. 6, § 87b, eff. March 26,

2005.)
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