View the complete text of this act
ACT SUMMARY 2007-2008

SUMMARY OF THE 2008 ACTS AND RESOLVES View the complete text of this act

ACT NO. 83


Municipal utilities

This act clarifies the right of all Vermont municipal utilities to acquire equity ownership of Vermont Transco LLC or Vermont Electric Power Company or both and to finance that acquisition of equity ownership by any means the municipality is allowed either by statute or municipal charter. The acquisition costs may include all costs relating to the acquisition of equity ownership. Acquisition of equity ownership is defined as an “improvement” for the purposes of municipal bonding authority.

Effective Date: January 28, 2008.

Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont