Vermont § 3444 School Construction Aid Special Fund [Effective July 1, 2026]

Vermont Statutes

§ 3444 — School Construction Aid Special Fund [Effective July 1, 2026]

Vermont·Title 16 Title 16: Education·Ch. 123 Chapter 123: State Aid for Capital Construction Costs

(a)Creation. There is created the School Construction Aid Special Fund, to be administered by the Agency of Education. Monies in the Fund shall be used for the purposes of:

(1)awarding aid to school construction projects under section 3445 of this title;

(2)awarding grants through the Facilities Master Plan Grant Program established in section 3441 of this title;

(3)funding administrative costs of the State Aid for School Construction Program; and

(4)awarding emergency aid under section 3445 of this title.

(b)Funds. The Fund shall consist of:

(1)any amounts transferred or appropriated to it by the General Assembly; and

(2)any interest earned by the Fund.

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(a) Creation. There is created the School Construction Aid Special Fund, to be administered by the Agency of Education. Monies in the Fund shall be used for the purposes of:
(1) awarding aid to school construction projects under section 3445 of this title;
(2) awarding grants through the Facilities Master Plan Grant Program established in section 3441 of this title;
(3) funding administrative costs of the State Aid for School Construction Program; and
(4) awarding emergency aid under section 3445 of this title.
(b) Funds. The Fund shall consist of:
(1) any amounts transferred or appropriated to it by the General Assembly; and
(2) any interest earned by the Fund.

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