The bill H.398 proposes an amendment to the Vermont Economic Development Authority's regulations regarding financial assistance from the Vermont Disaster Recovery Loan Fund. Specifically, it introduces a new provision that stipulates businesses will not be eligible for financial assistance from this fund if they have already received disaster recovery financial assistance from the State for the same disaster event.

This amendment aims to ensure that financial resources are allocated effectively and prevent duplication of assistance for businesses affected by disaster events. By clarifying the eligibility criteria, the bill seeks to streamline the support process for businesses in need while maintaining accountability in the distribution of state resources.

Statutes affected:
As Introduced: 10-12
As Passed By the House -- Official: 10-12
As Passed By the House -- Unofficial: 10-12