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. § 567)-
§ 567. Surplus
If an audit reveals that a school district has surplus funds, the school board shall carry the funds into the next year as revenue unless authorized by the voters, at an annual or special meeting warned for the purpose, to:
(1) deposit the funds into a reserve fund established pursuant to 24 V.S.A. § 2804; or
(2) use the funds for a specific purpose. (Added 2003, No. 107 (Adj. Sess.), § 4; amended 2013, No. 92 (Adj. Sess.), § 71, eff. Feb. 14, 2014.)
