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

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  
05/25/2017                               05/25/2017 Draft
12/21/2016                               12/21/2016
05/31/2016                                05/31/2016
                                                           12/04/2015
                                                           06/03/2015
                                                           12/19/2014

Contact Us

Office of the State Treasurer
109 State Street
Montpelier, Vermont 05609

Main Phone: (802) 828-2301
Toll Free: (800) 253-0191
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