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
005
:
TAX-CREDIT BOND FINANCING
(Cite as: 16 V.S.A. § 3597)
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§ 3597. Tax-credit bond financing; qualified school academy zones; qualified school construction
bonds
The American Recovery and Reinvestment Act of 2009, Pub. L. No. 111-5, expanded existing
and created new tax-credit bond programs available to public schools. Accordingly,
school districts are authorized to issue bonds to finance public school building construction
and rehabilitation, the purchase of equipment, the development of course materials,
and teacher and personnel training, consistent with Sections 1397E and 54F of the Internal Revenue Code, pertaining to qualified school academy zones and qualified school construction bonds. (Added 2009, No. 54, § 21, eff. June 1, 2009.)