ACT NO. 170
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
The Vermont General Assembly
115 State Street