Vermont § 5703 Limitations; taxes; indebtedness; eminent domain

Vermont Statutes

§ 5703 — Limitations; taxes; indebtedness; eminent domain

Vermont § 5703

Title 24Title 24: Municipal and County Government

Ch. 138Chapter 138: Rural Economic Development Infrastructure Districts

This text of Vermont § 5703 (Limitations; taxes; indebtedness; eminent domain) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 24, § 5703 (2026).

Text

Notwithstanding any grant of authority in this chapter to the contrary:

(1)A district shall not accept funds generated by the taxing or assessment power of any municipality in which it is located.

(2)A district shall not have the power to levy, assess, apportion, or collect any tax upon property within the district, nor upon any of its underlying municipalities, without specific authorization of the General Assembly.

(3)All obligations of the district, including financing leases, shall be secured by and payable only out of the assets of or revenues or monies in the district, including revenue generated by an enterprise owned or operated by the district.

(4)A district shall not have powers of eminent domain.

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Notwithstanding any grant of authority in this chapter to the contrary:
(1) A district shall not accept funds generated by the taxing or assessment power of any municipality in which it is located.
(2) A district shall not have the power to levy, assess, apportion, or collect any tax upon property within the district, nor upon any of its underlying municipalities, without specific authorization of the General Assembly.
(3) All obligations of the district, including financing leases, shall be secured by and payable only out of the assets of or revenues or monies in the district, including revenue generated by an enterprise owned or operated by the district.
(4) A district shall not have powers of eminent domain.