Vermont Statutes
§ 38 — Capital reserve fund
Vermont § 38
JurisdictionVermont
Title 24Title 24 Appendix: Municipal Charters
Ch. 601Chapter 601: Rutland County Recreational District
This text of Vermont § 38 (Capital reserve fund) 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, § 38 (2026).
Text
The Board of Supervisors, with the approval of a majority of the voters present and voting at a special District meeting called and warned for the purpose, may establish and provide for a capital reserve fund to pay for public improvements in furtherance of the purpose for which the District was created. Any capital reserve fund shall be kept in a separate account and invested as are other public funds and may be expended for the purposes for which established, or other purpose when authorized by a majority of the voters present and voting at a special District meeting duly called and warned for the purpose. The cost of payments to any capital reserve fund shall be allocated among the member municipalities as provided in subsection 33(c) of this chapter.
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Legislative History
(Added 2005, No. M-8, § 2.)
Cite This Page — Counsel Stack
Bluebook (online)
Vermont § 38, Counsel Stack Legal Research, https://law.counselstack.com/statute/vt/601/38.