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
002
:
ESTABLISHMENT AND ORGANIZATION
(Cite as: 10 V.S.A. § 313)
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§ 313. Expenditure of bond proceeds
Any proceeds of State bonds issued in support of activities under this chapter shall
be used exclusively for the funding of long-term, tangible capital investments and
those capital expenses allowed under federal laws governing the use of State bond
proceeds as determined with the guidance of the State of Vermont’s bond counsel. No
bond proceeds shall be used to fund the operational expenses of the Board. For purposes
of this section, “operational expenses” shall include costs related to persons directly
employed or under contract to provide administrative, clerical, financial, lobbying,
policy analysis, or research services. (Added 1991, No. 256 (Adj. Sess.), § 21a, eff. June 9, 1992.)