ACT NO. 83
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.
The Vermont General Assembly
115 State Street