(1) "Municipality" means a town or city. It also means an incorporated village the charter of which enables it to function as a general purpose unit of local government.

(2) "Agency" means the Vermont Agency of Commerce and Community Development.

(3) "Secretary" means the Secretary of the Agency.

(4) "Population" means the most recent population of a municipality as determined by the Vermont Department of Health.

(5) "Per capita income" means the total adjusted gross incomes of residents of a municipality divided by total exemptions claimed by residents of that municipality, as reported to the Vermont Department of Taxes in the most recent year for which data is available.

(6) "Employment loss" means the absolute decline in the annual average number of insured private sector employees in the municipality during the most recent 12-month period for which data is reported by the Vermont Department of Labor compared to the same 12-month period five years earlier.

(7) "Area unemployment rate" means the average monthly unemployment rate over the most recent two-year period for which data is available, of the labor market area of which a municipality is a part, as reported by the Vermont Department of Labor. (Added 1985, No. 172 (Adj. Sess.), § 1; amended 1995, No. 190 (Adj. Sess.), § 1(a); 2005, No. 103 (Adj. Sess.), § 3, eff. April 5, 2006.)