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
004
:
OTHER PROVISIONS
(Cite as: 16 V.S.A. § 566)
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§ 566. Authority to borrow
Notwithstanding the provisions of subdivision 562(9) of this title, if a budget for the support of schools for the ensuing year has not been approved
on or before June 30 of any year, the school board may borrow funds necessary to enable
it to operate the schools on a budget of up to 87 percent of the most recently approved
school budget. If the school board borrows money under this section, it shall determine
how all funds shall be expended. (Added 1995, No. 32, § 1; amended 2001, No. 8, § 7.)