Overview
The Municipal Equipment Loan Fund is governed by Vermont Statute Title 29, Chapter 61.
The Municipal Equipment Loan Fund was created for the purpose of providing loans on favorable terms to municipalities for the purchase of construction, fire, emergency or heavy equipment or vehicles.
The amount loaned shall be no more than 75% of the purchase price of the equipment and shall be repaid in no more than five years. For loans to a single municipality the interest rate is two percent. For loans to two or more municipalities jointly purchasing equipment, there shall be no interest assessed.
A committee, consisting of the State Treasurer, Secretary of Transportation, Commissioner of Public Safety and Commissioner of Motor Vehicles, reviews and approves applications.
How to Apply
Committee Members
- State Treasurer, Chair
- Secretary of Transportation or Designee
- Commissioner of Motor Vehicles or Designee
- Commissioner of Public Safety or Designee
Agendas & Meeting Minutes
Agenda Minutes
06/18/2024 06/18/2024 DRAFT
06/17/2023 06/17/2023
12/22/2022 12/22/2022
06/17/2022 06/17/2022
06/22/2021 06/22/2021
06/30/2020 06/30/2020
12/18/2019 12/18/2019
06/12/2019 06/12/2019
12/18/2018 12/18/2018
05/30/2018 05/30/2018
12/15/2017 12/15/2017
05/25/2017 05/25/2017
12/21/2016 12/21/2016
05/31/2016 05/31/2016
12/04/2015
06/03/2015
12/19/2014
