S.A. chapter 7, subchapter 5. (b) The Fund shall comprise:(1) a one-time contribution of $50,000.00 per integrated license to be made on or before October 15, 2022; and (2) monies allocated to the fund by the General Assembly.(c) The Fund shall be used for the following purposes:(1) to provide low-interest rate loans and grants to social equity applicants to pay for ordinary and necessary expenses to start and operate a licensed cannabis establishment; (2) to pay for outreach that may be provided or targeted to attract and support social equity applicants; (3) to assist with job training and technical assistance for social equity applicants; and (4) to pay for necessary costs incurred in administering the Fund.(d) Amounts from loans that are repaid shall provide additional funding through the Fund. (Added 2021, No. 62, § 12, eff. June 7, 2021.)
Vermont Legal Code