Vermont § 34 Sinking fund

Vermont Statutes

§ 34 — Sinking fund

Vermont § 34

Title 24Title 24 Appendix: Municipal Charters

Ch. 901Chapter 901: Central Vermont Public Safety Authority

This text of Vermont § 34 (Sinking 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, § 34 (2026).

Text

(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.)

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(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.)

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Bluebook (online)

Vermont § 34, Counsel Stack Legal Research, https://law.counselstack.com/statute/vt/901/34.