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Searching 2017-2018 Session

The Vermont Statutes Online

Title 24 : Municipal and County Government

Chapter 119 : MUNICIPAL BOND BANK

Subchapter 006 : Special Funds

(Cite as: 24 V.S.A. § 4673)
  • § 4673. Investment

    (a) Moneys at any time in the reserve fund may be invested in the same manner as permitted for investment of funds belonging to the state or held in the treasury.

    (b) For purposes of valuation, investments in the reserve fund shall be valued at par if purchased at par or at amortized value (as such term is defined by resolution of the bank) if purchased at other than par. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970; amended 1971, No. 148 (Adj. Sess.), § 8, eff. Feb. 14, 1972.)