§ 3852 - Vermont educational and health buildings financing agency; creation; members
§ 3852. Vermont educational and health buildings financing agency; creation; members
(a) A board of thirteen members known as the Vermont educational and health buildings financing agency is created. It is a body corporate and politic constituting a public instrumentality of the state. The commissioner of education, the secretary of human services, the state treasurer and the secretary of administration shall be members ex officio. The governor, with the advice and consent of the senate, shall appoint seven members for six-year terms. The members appointed by the governor shall appoint two additional members whose term of office shall be two years.
(b) The board shall select its chairman and a vice-chairman, a treasurer and a secretary. The term of the chairman, vice-chairman, treasurer and secretary shall be one year and they shall be elected at the first meeting of the board each fiscal year. All members of the board, except those ex officio, shall be entitled to reimbursement of their necessary expenses incurred in the performance of their official duties, and also to per diem compensation for their services subject to approval of the governor.
(c) Notwithstanding subsection (a) of this section, to the first board the governor shall appoint two members to serve until February 1, 1968, two members to serve until February 1, 1970, and three members to serve until February 1, 1972, and the additional members to be appointed by the members appointed by the governor shall serve until February 1, 1968.
(d) Notwithstanding any general or special law to the contrary, the provisions of chapter 73 of Title 8 shall not apply to the agency or to any loan heretofore or hereafter made by the agency in accordance with this title. (1966, No. 56 (Sp. Sess.), § 3, eff. March 12, 1966; amended 1969, No. 224 (Adj. Sess.), § 10, eff. March 31, 1970; 1971, No. 67, § 3, eff. April 15, 1971; 1987, No. 203 (Adj. Sess.), § 21 eff. May 27, 1988.)