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
:
STATEWIDE TAX INCREMENT FINANCING
(Cite as: 24 V.S.A. § 1899)
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§ 1899. Bonds as legal investments
All banks, trust companies, bankers, savings banks and institutions, building and
loan associations, savings and loan associations, investment companies, and other
persons carrying on a banking or investment business; all insurance companies, insurance
associations, and other persons carrying on an insurance business; and all executors,
administrators, curators, trustees, and other fiduciaries, may legally invest any
sinking funds, monies, or other funds belonging to them or within their control in
any bonds or other obligations issued by a municipality pursuant to this chapter.
It is the purpose of this section to authorize any persons, political subdivisions,
and officers, public or private, to use any funds owned or controlled by them for
the purchase of any such bonds or other obligations. Nothing contained in this section
with regard to legal investments shall be construed as relieving any person of any
duty of exercising reasonable care in selecting securities. (Added 1985, No. 87.)