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
001
:
INDEBTEDNESS GENERALLY
(Cite as: 24 V.S.A. § 1767)
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§ 1767. Computation of amount
(a)(1) In determining the amount of municipal indebtedness permitted by this subchapter,
obligations created for current expenses, for a water supply or for electric lights,
and temporary loans created in anticipation of the collection of taxes and necessary
for meeting current expenses shall not be taken into account.
(2) Sinking funds and other monies set aside for the sole purpose of paying outstanding
bonds shall be deducted.
(b) The provisions of this section and of section 1762 of this title shall not apply when the charter of a municipal corporation or special act otherwise
limits its indebtedness.