State helping to keep energy upgrades local
MONTPELIER — The Vermont State Treasurer’s Office is now accepting local investment financing proposals. The Local Investment Advisory Committee, or LIAC, is soliciting financing proposals in the areas of weatherization and housing improvement.
The State Treasurer’s Office manages an ongoing process of local investments that began in 2014 when the Legislature passed a law that established a Local Investment Advisory Committee. The initiative aims to invest a portion of the state’s operating funds in Vermont communities, while earning a competitive rate of return. These financing projects redirect funds that were invested primarily in out-of-state government agency securities and money market accounts at large financial institutions, to local investments. The Treasurer’s Office has committed over $30 million since 2014 in energy improvements in residential housing, commercial energy projects, higher education, and in the rehabilitation of state office buildings for energy efficiencies.
Agencies, authorities, non-profits, municipalities and housing organizations are eligible to apply. Proposals will be accepted on a rolling basis. Pursuant to Act 188 of 2018, the state treasurer, in consultation with the LIAC, is authorized to invest up to $5 million in weatherization and housing improvement.
To view the official solicitation go online to: VermontTreasurer.gov. All proposals and questions should be directed to Ashlynn Doyon, State Treasurer’s Office. She may be contacted via email at [email protected] or by calling (802) 828-1451.
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