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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.)