The Vermont Statutes Online
The statutes were updated in November, 2018, and contain all actions of the
2018 legislative session.
Subchapter 011 : INDEBTEDNESS; SINKING FUND; BONDS AND NOTES FOR IMPROVEMENTS(Cite as: 24 App. V.S.A. ch. 5, § 1112)
§ 5-1112. Taxes to meet interest and payments
At the time of voting a general tax levy, the City shall provide annually for the assessment and collection each year, until such bonds or notes are paid, of a tax sufficient to pay the interest on such bonds or notes and the part of the principal as shall become due prior to the time the taxes are due in the next following year. (Amended 2013, No. M-19 (Adj. Sess.), § 2, eff. May 20, 2014.)