Vermont § 35 Capital reserve fund

Vermont Statutes

§ 35 — Capital reserve fund

Vermont § 35

Title 24Title 24 Appendix: Municipal Charters

Ch. 901Chapter 901: Central Vermont Public Safety Authority

This text of Vermont § 35 (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, § 35 (2026).

Text

(a)The Board may establish and provide for a capital reserve fund to pay for public improvements, replacement of worn-out buildings and equipment, and major repairs of Authority facilities.

(b)Any such capital reserve fund shall be kept in a separate account and invested as are other public funds and shall be expended for such purposes for which established.

(c)The cost of payments to any capital reserve 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 capital reserve fund to pay for public improvements, replacement of worn-out buildings and equipment, and major repairs of Authority facilities.
(b) Any such capital reserve fund shall be kept in a separate account and invested as are other public funds and shall be expended for such purposes for which established.
(c) The cost of payments to any capital reserve 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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Vermont § 35, Counsel Stack Legal Research, https://law.counselstack.com/statute/vt/901/35.