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Searching 2023-2024 Session

The Vermont Statutes Online

The Vermont Statutes Online have been updated to include the actions of the 2023 session of the General Assembly.

NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.

Title 24 Appendix : Municipal Charters

Chapter 149 : Town of Springfield

Subchapter 004 : Budgets and Finance

(Cite as: 24 App. V.S.A. ch. 149, § 44)
  • § 44. Reserve funds

    (a) The Selectboard may raise and appropriate money for the establishment of reserve or equipment reserve funds for the financing of all or part of:

    (1) the construction, reconstruction, or acquisition of a specific capital improvement, or the acquisition of a specific item of equipment;

    (2) the construction, reconstruction, or acquisition of a type of capital improvement or acquisition of a type of equipment;

    (3) other purposes to meet specific obligations and needs of the Town so as to ensure efficient operations.

    (b) The size and regulation of reserve funds shall be determined by the Selectboard. (Amended 2021, No. M-13 (Adj. Sess.), § 2, eff. May 16, 2022; 2023, No. M-2, § 2, eff. May 4, 2023.)