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, § 1121)
§ 5-1121. Limitations
The credit of the City shall not be pledged, except in the manner herein provided, and the City Council shall not expend in any year a sum of money in excess of the revenues of the City for that year or increase the indebtedness of the City, except as provided by this chapter or to meet obligations imposed by law. (Amended 2013, No. M-19 (Adj. Sess.), § 2, eff. May 20, 2014.)