The Vermont Statutes Online
The Vermont Statutes Online have been updated to include the actions of the 2023 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.
Title 24 : Municipal and County Government
Chapter 138 : Rural Economic Development Infrastructure Districts
(Cite as: 24 V.S.A. § 5703)-
§ 5703. Limitations; taxes; indebtedness; eminent domain
Notwithstanding any grant of authority in this chapter to the contrary:
(1) A district shall not accept funds generated by the taxing or assessment power of any municipality in which it is located.
(2) A district shall not have the power to levy, assess, apportion, or collect any tax upon property within the district, nor upon any of its underlying municipalities, without specific authorization of the General Assembly.
(3) All obligations of the district, including financing leases, shall be secured by and payable only out of the assets of or revenues or monies in the district, including revenue generated by an enterprise owned or operated by the district.
(4) A district shall not have powers of eminent domain. (Added 2017, No. 69, § B.1, eff. June 28, 2017.)
