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
004
:
ECONOMIC DEVELOPMENT REVENUE BONDS
(Cite as: 10 V.S.A. § 245)
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§ 245. Municipal proceedings
All actions of a municipality in the exercise of its powers with respect to a project
and the financing thereof shall be authorized by resolution adopted by majority vote
of all of the members of its governing body. Unless otherwise provided in the resolution,
or in the city charter in the case of a city, each resolution shall take effect upon
its passage. The terms and details of any transaction may be delegated by the governing
body to those authorized by the governing body to enter into the transaction on behalf
of the municipality. (Added 1973, No. 197 (Adj. Sess.), § 1.)