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 004 : OTHER PROVISIONS
(Cite as: 16 V.S.A. § 555)-
§ 555. No liability for unauthorized or deficit spending
(a) It is the intent of the General Assembly that school boards should spend within the amount authorized by the electorate pursuant to this title and should not incur a deficit. However, the General Assembly recognizes that in the course of a school district budget year it may be necessary for expenditures to exceed revenues received or the amount authorized by the electorate.
(b) A school board member shall not be liable under any law, including any criminal law, on the sole basis that the board has spent more than authorized under this title or that a deficit, as defined in 24 V.S.A. § 1523, has occurred. (Added 1969, No. 298 (Adj. Sess.), § 32; amended 1995, No. 155 (Adj. Sess.), § 1; 2001, No. 8, § 4; 2013, No. 92 (Adj. Sess.), § 62, eff. Feb. 14, 2014.)
