An act relating to the formation of stormwater utility districts

This bill authorizes municipal stormwater utilities in Vermont to form cooperative agreements with other municipalities to share financial resources and establish joint ratemaking structures. It allows these utilities to collaborate on administrative matters and develop rates based on equivalent residential units calculated from impervious surface areas. The legislation also creates a grant program providing up to $100,000 to groups of cooperating municipalities outside Chittenden County for technical assistance in establishing utility governance and ratemaking. A total of $400,000 is appropriated in fiscal year 2025 to fund these grants, with the act taking effect on July 1, 2024.