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S 179 Vermont Senate · 2023-2024 Regular Session

An act relating to flood recovery bonds

This bill authorizes Vermont's Treasurer to issue special bonds to fund flood recovery, mitigation, and preparedness efforts. The Treasurer must obtain the Governor's approval to determine the bond structure and maturity dates, and these bonds will be officially called "Flood Recovery Bonds." The legislation takes effect on July 1, 2024, and applies to state-level financial management related to flood-related projects.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill authorizes issuance of special bonds to fund flood recovery, mitigation, and preparedness efforts, advancing state budget management and funding essential public services.85% confidence ✓ EnvironmentSupports EnvironmentBill funds flood recovery and mitigation efforts, which supports environmental protection by addressing climate-related disasters and improving resilience.75% confidence
Sub-Topics: Coastal & Flood Protection
Bill status introduced 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 3, 2024 Last action Jan 3, 2024
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Full legislative history

Actions timeline

Total actions
1
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0
Committee
0
Jan 3, 2024
Introduced
Read 1st time & referred to Committee on Government Operations
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Ann Cummings
Ann Cummings
DDemocratic
VT
Washington