§ 2501 - Home weatherization assistance trust fund - Vermont Statutes

§ 2501. Home weatherization assistance trust fund

(a) There is created in the state treasury a fund to be known as the home weatherization assistance trust fund to be expended by the director of the state office of economic opportunity in accordance with federal law and this chapter.

(b) The fund shall be composed of the receipts from the gross receipts tax on retail sales of fuel imposed by section 2503 of this title, such funds as may be allocated from the oil overcharge fund, such funds as may be allocated from the federal low income energy assistance program, and such other funds as may be appropriated by the general assembly.

(c) All balances in the fund at the end of any fiscal year shall be carried forward and remain part of the fund. Interest earned by the fund shall be deposited into the fund. Disbursements from the fund shall be made by the state treasurer on warrants drawn by the commissioner of finance and management. Disbursements may be made from the fund only to support the programs established by this chapter or otherwise as authorized by this chapter. (Added 1989, No. 272 (Adj. Sess.), § 1; amended 1991, No. 262 (Adj. Sess.), § 2; 2007, No. 92 (Adj. Sess.), § 30.)