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
:
PROVISIONS RELATING TO FLOOD CONTROL COMPACT
(Cite as: 10 V.S.A. § 1178)
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§ 1178. Reimbursement for tax losses not covered by Compact
(a) The State of Vermont shall annually reimburse its political subdivisions for the ten
percent of the amount of real property, personal property is lost to them by reason
of acquisition and ownership by the United States of land, rights or other property
acquired by the United States for flood control dams and reservoirs, and not reimbursed
by the Commonwealth of Massachusetts and the State of Connecticut under the terms
of the Connecticut River Flood Control Compact, sections 1151-1160 of this title. Such total annual reimbursement by the State of Vermont under the terms of this
section shall equal one-ninth of the aggregate amount determined by the Connecticut
River Flood Control Commission as being due by the State of Connecticut and the Commonwealth
of Massachusetts to the State of Vermont solely for the aforesaid tax losses under
the terms of said compact.
(b) The Commissioner of Finance and Management shall annually issue his or her warrants
in favor of those political subdivisions upon vouchers issued by the Secretary of
Natural Resources at the same time as vouchers are issued for payments of reimbursement
of the loss of that political subdivision by the State of Connecticut and Commonwealth
of Massachusetts. (Amended 1959, No. 328 (Adj. Sess.), § 8; 1961, No. 100, § 2; 1981, No. 222 (Adj. Sess.), § 8; 1983, No. 195 (Adj. Sess.), § 5(b); 1987, No. 76, § 18.)