# 10 V.S.A. § 687: Allocation system

> Vermont · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C29_S687

## Section

- **Citation:** 10 V.S.A. § 687
- **Heading:** Allocation system
- **Jurisdiction:** Vermont
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** VT Code / Title 10 / Chapter 29 / Section 687

## Text

The Secretary, with the advice and assistance of the Board, shall establish a system for the allocation of community development program funds.

(1) The allocation system shall be based on the intent, purpose, goal, and objectives of this subchapter.

(2) The allocation system shall be competitive and shall provide the opportunity for any eligible municipality or municipalities to compete for funding for community development projects.

(3) The system shall ensure that a wide range of community development activities shall be eligible for funding. These may include:

(A) the acquisition, rehabilitation, or expansion of housing;

(B) the creation, expansion, or retention of employment through the stimulation of private investment and community revitalization;

(C) the installation, rehabilitation, or replacement of public facilities;

(D) activities that test the feasibility of innovative approaches to community development;

(E) activities that provide timely responses to unpredictable circumstances or special development opportunities.

(4) The allocation system shall include a method through which the need for, and impact of, the projects proposed by municipalities shall be measured and shall establish a process for evaluation of the applications.

## Nearby sections

- [10 V.S.A. § 681 § 681. Title](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C29_S681.md)
- [10 V.S.A. § 682 § 682. Intent and purpose](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C29_S682.md)
- [10 V.S.A. § 683 § 683. Title](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C29_S683.md)
- [10 V.S.A. § 684 § 684. Powers and duties of the municipalities](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C29_S684.md)
- [10 V.S.A. § 685 § 685. The Vermont Community Development Board](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C29_S685.md)
- [10 V.S.A. § 686 § 686. Eligibility, application, allocation of funds](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C29_S686.md)
- [10 V.S.A. § 687 § 687. Allocation system](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C29_S687.md)
- [10 V.S.A. § 688 § 688. Authority to make rules](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C29_S688.md)
- [10 V.S.A. § 689 § 689. Multi-year commitments](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C29_S689.md)
- [10 V.S.A. § 690 § 690. Remedies for noncompliance](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C29_S690.md)
- [10 V.S.A. § 690a § 690a. Nonprofit revolving loan funds](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C29_S690a.md)
- [10 V.S.A. § 691 § 691. Title](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C29_S691.md)
- [10 V.S.A. § 692 § 692. Policy and purpose](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C29_S692.md)
- [10 V.S.A. § 693 § 693. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C29_S693.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VT_T10_C29_S687. Check the current official text before relying on it. Not legal advice.