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Lending Services
Tax Exempt Bonds
| Vermont Municipal Bond Bank issues low interest, tax exempt bonds for eligible municipal projects. These include: |
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General Obligation or Non-Revenue bonds (bonds paid by general municipal taxes) | ||
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Purchase of land | ||
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New construction and renovation of town or school buildings | ||
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Purchase of equipment | ||
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Infrastructure installation and repairs | ||
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Water supply systems | ||
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Wastewater systems | ||
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Revenue bonds (bonds paid by collected fees) | ||
| Examples: |
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Electrical generation systems | ||
State Revolving Fund
In partnership with the Agency of Natural Resources, Vermont Municipal Bond Bank jointly administers the State Revolving Fund (SRF). Eligible projects include the planning and construction of water supply and wastewater systems. For more information on the State Revolving Fund, contact the Department of Environmental Conservation at www.anr.state.vt.us/dec/dec.htm. Or call one of the following numbers: |
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| Water Projects | (802) 241-3425 | |
| Pollution Projects | (802) 241-3734 | |
Municipal Lease Financing
Vermont Municipal Bond Bank has developed a competitive bid program for municipalities interested in tax-exempt lease financing. For a nominal fee, VMBB will submit your information to a pre-approved list of municipal lease bidders. Bid results are delivered to the municipality for acceptance or rejection. Examples of assets municipalities have used tax-exempt leases for include: |
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Fire and snowplow trucks | |
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Computer and telecommunication systems | |
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Buildings | |
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School buses | |
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Recreational equipment | |