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Municipal Equipment Loan Fund
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
Application Form
This secure web site provides State of Vermont vendors a convenient way to view information about their electronic payment history. A summary page shows each payment and amount by date. Click on any payment ID to see an itemization of separate vouchers, showing Payment Date, Payment ID, Department, Invoice Number, Invoice Date, Voucher ID, Amount Paid and Payment Type (ACH or Wire).
If you are a vendor currently being paid by the State of Vermont, and receive payments directly into your designated bank account electronically (ACH or WIRE), simply log in with your vendor number and register a password. If you are currently receiving payments by check and would like access to this service, please contact the paying department or agency to have your standard payment method changed to ACH.
The Vendor Portal web site is intended as a convenience to vendors. The information on this webpage is not an official record of payments received from the State of Vermont. For an official accounting of your payment history, please contact the Office of the State Treasurer, Treasury Operations Division (802-828-2301, or 800-642-3191 toll free from Vermont only).
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