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
:
SALE AND ISSUANCE OF BONDS AND NOTES
(Cite as: 24 V.S.A. § 4654)
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§ 4654. Marketability; certification
All municipal bonds, revenue bonds, or other investments of monies of the Bank provided
for under this chapter must at all times be purchased in negotiable form, subject
to provision for any registration in the name of the Bank or for issuance in book
entry form pursuant to section 1881 of this title. All municipal bonds and revenue bonds at any time purchased by the Bank must upon
delivery to the Bank be accompanied by an approving opinion of bond counsel. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970; amended 1971, No. 148 (Adj. Sess.), § 6, eff. Feb. 14, 1972; 1987, No. 55, § 19, eff. May 15, 1987.)