The Vermont Statutes Online
The Statutes below include the actions of the 2025 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.
Subchapter
005
:
EXAMINATIONS
(Cite as: 8 V.S.A. § 11503)
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§ 11503. Examinations by federal regulatory agencies; departmental participation
Where an examination is normally conducted by the Department jointly with a federal
regulatory authority, the Commissioner, at such times as the Commissioner deems necessary
or appropriate because of departmental fiscal restraints, may reduce or eliminate
the Department’s participation in such examination. Where the Commissioner determines
such reductions are necessary or appropriate, the Commissioner is authorized to rely
on the examination report of the federal regulatory authority as the basis for exercising
his or her powers and discharging his or her responsibilities under this title. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)