The bill H.398 relates to the Vermont Economic Development Authority and includes an amendment to the existing law regarding the issuance of financial assistance from the Vermont Disaster Recovery Loan Fund. The amendment specifically introduces a new subsection (e) in 10 V.S.A. chapter 12, section 280gg, which outlines the criteria the Authority must consider when determining eligibility for financial assistance.

Under the new language, the Authority is required to take into account whether a business has previously received disaster recovery financial assistance from the State for the same disaster event before issuing any new financial assistance. This change aims to ensure that resources are allocated appropriately and to prevent duplication of financial support for businesses affected by disasters.

Statutes affected:
As Introduced: 10-12
As Passed By the House -- Official: 10-12
As Passed By the House -- Unofficial: 10-12
As Passed by Both House and Senate -- Official: 10-12
As Passed by Both House and Senate -- Unofficial: 10-12
As Enacted: 10-12