Date Issued
Submitting OIG
Vermont State Auditor
Agencies Reviewed/Investigated
State of Vermont
Report Number
NA
Report Description
Memorandum: The recently issued U.S. Treasury Coronavirus Relief Fund FAQ1 has implications for the Governor’s proposed Economic Injury Disaster Loan (EIDL) program. As proposed, the Vermont EIDL program to be administered by the Vermont Economic Development Authority (VEDA) establishes a perpetual revolving loan fund. However, the FAQ indicates that all loan repayments subsequent to December 30, 2020 must be returned to the U.S. Treasury.
Report Type
Other
Agency Wide
Yes
Location
VT
United States
Professional Standard
Other
Questioned Costs
$0
Funds for Better Use
$0