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.
(Cite as: 24 V.S.A. § 3313)
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§ 3313. Duties of water commissioners, use of proceeds
(a) Water commissioners shall have the supervision of such municipal water department
and shall make and establish all needful water rates, charges, rules, and regulations
for its control and operation. Such commissioners may appoint or remove a superintendent
at their pleasure. The receipts derived by the municipal corporation from its waterworks
shall only be used and applied to pay the principal and interest upon the water bonds
of such municipal corporation, the expense of repairs and management of the water
department, and payment into the dedicated fund created under subsection (b) of this
section.
(b) Receipts derived by a municipality from its waterworks may be deposited in a dedicated
fund created by the water commissioners under section 2804 of this title, to finance major rehabilitation, major maintenance and costs of upgrading the water
supply system, and for the accumulation of funds to be used to match federal funds
pursuant to 10 V.S.A. § 1624(d). Such revenues may include a surcharge established by the water commissioners of
up to 15 percent on the costs of normal operations, maintenance, and debt service.
The fund balance shall not exceed the estimated costs of the purposes for which the
fund is established, and shall be maintained in deposits insured by the United States
of America or an agency of the United States. Withdrawals shall be made only for purposes
for which the fund was established. Such a fund shall meet the requirements of subdivision 4756(a)(4) of this title. (Amended 1997, No. 62, § 62, eff. June 26, 1997.)