The Vermont Statutes Online
The Statutes below include the actions of the 2024 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 Appendix : Municipal Charters
Chapter 149 : Town of Springfield
Subchapter 004 : BUDGETS AND FINANCE
(Cite as: 24 App. V.S.A. ch. 149, § 44)-
§ 44. Reserve funds
(a) The Selectboard may raise and appropriate money for the establishment of reserve or equipment reserve funds for the financing of all or part of:
(1) the construction, reconstruction, or acquisition of a specific capital improvement, or the acquisition of a specific item of equipment;
(2) the construction, reconstruction, or acquisition of a type of capital improvement or acquisition of a type of equipment;
(3) other purposes to meet specific obligations and needs of the Town so as to ensure efficient operations.
(b) The size and regulation of reserve funds shall be determined by the Selectboard. (Amended 2021, No. M-13 (Adj. Sess.), § 2, eff. May 16, 2022; 2023, No. M-2, § 2, eff. May 4, 2023.)
