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 125 : FEDERAL AID; SCHOOL CONSTRUCTION
Subchapter 005 : TAX-CREDIT BOND FINANCING
(Cite as: 16 V.S.A. § 3597)-
§ 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.)
