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
002
:
INDEBTEDNESS FOR PUBLIC UTILITY PURPOSES
(Cite as: 24 V.S.A. § 1826)
-
§ 1826. Actions barred
(a) No action shall be brought directly or indirectly attacking, questioning, or in any
manner contesting the legality or validity of municipal revenue bonds for public utility
purposes, issued or unissued, voted by any municipality or by any other municipal
corporate entity, after six months from the date upon which voters in any such municipality
or other municipal corporate entity met pursuant to warning and voted affirmatively
to issue bonds to defray costs of municipal utility purposes or upon vote of a question
of recission thereof whichever occurs later.
(b) This section shall be liberally construed to effect the legislative purpose to validate
bonds issued or authorized by municipalities or other municipal corporate entities
for public utility purposes, and to bar every right to question in any manner the
validity of a bond voted by it for public utility purposes, and to bar every remedy
therefor notwithstanding any defects or irregularities, jurisdictional or otherwise,
after expiration of the six-month period. (Added 1975, No. 57, § 2, eff. April 18, 1975.)