Vermont § 34 Sinking fund

Vermont Statutes

§ 34 — Sinking fund

Vermont·Title 24 Title 24 Appendix: Municipal Charters·Ch. 901 Chapter 901: Central Vermont Public Safety Authority

(a)The Board may establish and provide for a sinking fund for the retirement of bond issue or other debt or to provide security for the payment thereof.

(b)When so established, the sinking fund shall be kept intact and separate from other monies at the disposal of the Authority and shall be accounted for as a pledged asset for the purpose of retiring or securing such obligations.

(c)The cost of payments to any sinking fund shall be included in the annual budget of the Authority. (Added 2013, No. M-17 (Adj. Sess.), § 2, eff. May 20, 2014.)

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The Board may establish and provide for a sinking fund for the retirement of bond issue or other debt or to provide security for the payment thereof.
(b) When so established, the sinking fund shall be kept intact and separate from other monies at the disposal of the Authority and shall be accounted for as a pledged asset for the purpose of retiring or securing such obligations.
(c) The cost of payments to any sinking fund shall be included in the annual budget of the Authority. (Added 2013, No. M-17 (Adj. Sess.), § 2, eff. May 20, 2014.)

Vermont § 34 (Sinking fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

View on official source ↗