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How is the SRF loan administered?

administered loan srf
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How is the SRF loan administered?

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The VMBB contracts with People’s United Institutional Trust to act as the SRF program’s Trustee. When authorized by the DEC and VMBB, the Trustee will reimburse the municipality for approved project expenses. The Trustee is also responsible for sending out payment notices and collecting loan repayments.

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