The Vermont Statutes Online
The Statutes below now include the actions of the 2026 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 19 : Highways
Chapter 003 : Town Highways
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§ 306b. Local Option Municipal Transportation Special Fund
(a) The Local Option Municipal Transportation Special Fund is established in the Agency of Transportation and shall be managed in accordance with 32 V.S.A. chapter 7, subchapter 5. The purpose of the Fund is to provide additional State aid for town highways pursuant to the provisions of section 306 of this chapter.
(b) The Fund shall consist of:
(1) transfers from the PILOT Special Fund pursuant to 32 V.S.A. § 3709(c);
(2) any gifts, grants, or contributions made to the Fund;
(3) any amounts transferred to the Fund by the General Assembly; and
(4) all interest earned on Fund balances.
(c)(1) The Secretary may seek and accept gifts, donations, and grants from any source, public or private, for deposit into the Fund.
(2) The Commissioner of Finance and Management shall anticipate receipts to the Fund and shall issue warrants based on the anticipated amounts.
(3)(A) The Fund shall be used solely to provide State aid to municipalities pursuant to subsections 306(a), (e), and (h) of this chapter and for any administrative costs of administering the Fund.
(B) Notwithstanding any provision of subsections 306(a), (e), and (h) of this chapter to the contrary, the aggregate amount of appropriations from the Fund pursuant to those subsections in any given State fiscal year shall not exceed 95 percent of the anticipated cash receipts to the Fund for that fiscal year. (Added 2025, No. 144 (Adj. Sess.), § E.915.1, eff. July 1, 2026.)