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. § 4023)
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§ 4023. Appropriation
When any housing authority which is created for any municipality becomes authorized
to transact business and exercise its powers therein, the governing body of such municipality
shall immediately make an estimate of the amount of money necessary for the administrative
expenses and overhead of such housing authority during the first year thereafter and
shall appropriate such amount to the authority out of any monies in the treasury of
such municipality not appropriated to some other purpose. The money so appropriated
shall be paid to the authority as a donation. Any municipality located within the
area of operation of a housing authority shall have the power from time to time to
lend or donate money to the authority. The housing authority, when it has money available
therefore, shall make reimbursement for all loans made to it. (1961, No. 212, § 23, eff. July 11, 1961.)