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It is hereby enacted by the General Assembly of the State of Vermont:

Sec. 1.  6 V.S.A. § 4710(g) is amended to read:

(g)(1)  The agricultural economic development special account is established as a dedicated sub-account of the Vermont farm viability enhancement program special fund.  There shall be deposited in such account any monies:

(A)  Appropriated by the general assembly to the account; and

(B)  Received by the state or the secretary of agriculture, food and markets from any source, public or private, for use for any of the purposes for which the account was established.

(2)  The fund shall only be used for the purposes of:

(A)  Encouraging private investment in the economic initiative; and

(B)  Providing incentives for technology businesses, determined by the agency of agriculture, food and markets to provide critical technological solutions, for the growth of Vermont’s agricultural economy.

(3)  Assistance from the agricultural economic development special account shall be available for:

(A)  Business and technical assistance for research and planning to aid a farmer or a group of farmers in developing business enterprises that harvest biomass, convert biomass to energy, or produce biofuel;

(B)  Implementation assistance to leverage other sources of capital to assist a farmer or group of farmers in purchasing equipment, technology, or other assistance to produce agricultural energy, harvest biomass, or convert biomass into energy; and

(C)  Business, technical, and implementation assistance to persons that are not farmers for the development and implementation of technology or development of facilities designed to produce agricultural energy, harvest biomass, convert biomass into energy, provided that the person is creating an enterprise that utilizes Vermont resources and provides Vermont a significant return on investment and meets any financial and technical criteria established by the secretary by procedure.



On or before January 31, 2007, the agency of agriculture, food and markets shall create and maintain an internet website to serve as a basic reference guide for Vermont farmers seeking to invest in and develop energy production on a farm. 

Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont