The Vermont Statutes Online
The Statutes below include the actions of the 2024 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.
Title 16 : Education
Chapter 009 : SCHOOL DISTRICTS
Subchapter 002 : INCORPORATED SCHOOL DISTRICTS
(Cite as: 16 V.S.A. § 515)-
§ 515. Payment of a deficit
When a demand is made upon a district for the payment of an execution issued against it and the district has no available funds to pay the same, the prudential committee shall borrow funds sufficient to pay such execution and related charges and shall add the debt to the following year’s adopted budget pursuant to 24 V.S.A. § 1523(b). (Amended 1997, No. 71 (Adj. Sess.), § 108, eff. March 11, 1998.)
