Vermont Common Assets Trust Bill
Introduced by: Senator Miller of Chittenden District, Vermont
Date: 2007
Subject: Conservation; common assets trust fund
Statement of purpose: This bill proposes to make it clear that state policy is to protect certain common assets (such as air and water) for the benefit of present and future generations, and to establish a framework pursuant to which certain users of those common assets may be assessed fees that would be deposited into a common assets trust fund which would be managed so as to protect those assets and serve the interests of present and future people of the state. It proposes to provide that the common assets trust fund would be managed by a board of trustees, appointed according to the process established in the bill, in the interest of the beneficiaries. It proposes to establish an advisory committee to recommend to the legislature ways in which the framework could be implemented so as to serve the purposes expressed in the bill.
PDF: VCAT_Bill.pdf
