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SUMMARY OF THE 2006 ACTS AND RESOLVES

ACT NO. 170

(H.310)

Employee-owned businesses; public pension investment;

Vermont Economic Development Administration

This act provides legislative support to employee ownership of businesses, requires the Vermont State Treasurer to undertake a study to be entitled "Survey of Economically Targeted Investment: Opportunity for Public Pension Funds" to determine whether the state can responsibly invest a portion of state pension funds in employee ownership, and requires the Vermont Economic Development Administration to give loan priority to projects by

employee- owned businesses, businesses in the process of becoming employee-owned, and start-up employee-owned businesses.

Effective Date: July 1, 2006



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us