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Searching 2017-2018 Session

The Vermont Statutes Online

Title 24 Appendix : Municipal Charters

Chapter 005 : CITY OF MONTPELIER

Subchapter 006 : SCHOOLS

(Cite as: 24 App. V.S.A. ch. 5, § 611)
  • § 5-611. Payment of school notes and bonds

    (a) The Board of School Commissioners shall include in its estimate of necessary expenditures for the support of schools and its recommendation of the amount of money to be raised by local taxation for the support of schools, which estimate and recommendation are provided for in section 607 of this subchapter, the amount of money required for payment of principal or interest, or both on any bonds or notes heretofore or hereafter issued by the City of Montpelier for school purposes, and the amount shall be specifically designated in the estimate and recommendation by the Board of School Commissioners.

    (b) The City in voting money for school purposes at any annual or special meeting shall include in the amount voted for the support of schools the amount of money needed for the payment of principal or interest, or both on bonds or notes heretofore or hereafter issued by the City for school purposes. The amount of money required for the payment of principal or interest, or both on bonds or notes as hereinbefore set forth shall be used by the Board of School Commissioners for the purpose of paying the principal or interest, or both.

    (c) In case of conflict between this section and other provisions of this chapter, this section will prevail. (Amended 2013, No. M-19 (Adj. Sess.), § 2, eff. May 20, 2014.)