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
011
:
STATE INFRASTRUCTURE BANK PROGRAM
(Cite as: 10 V.S.A. § 280v)
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§ 280v. Termination of the Program; remaining assets and liabilities
The Program shall continue until terminated by law; provided, however, that no such
law shall take effect so long as there shall be outstanding bonds secured by the fund
unless adequate provision has been made for the payment or satisfaction thereof. Upon
termination of the Program, assets that remain after provision for the payment or
satisfaction of all bonds issued pursuant to this subchapter shall vest in the State,
in the Transportation Fund and General Fund in equal proportion to the percentages
of funds initially invested in the bank. For the purpose of this section only, federal
transportation funds invested in the bank shall be considered State transportation
funds. (Added 1997, No. 43, § 1.)