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. § 280x)
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§ 280x. Obligations; credit of the State not pledged
Obligations issued under the provisions of this subchapter shall not be deemed to
constitute a debt or liability of the State. Each obligation issued under this subchapter
shall contain on the face thereof a statement to the effect that the Authority shall
not be obligated to pay the same nor the interest thereon except from the revenues
or assets pledged therefor, and that neither the faith and credit nor the taxing power
of the State is pledged to the payment of the principal of or the interest on such
obligations. (Added 1997, No. 43, § 1.)