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Searching 2023-2024 Session

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 Appendix : Municipal Charters

Chapter 149 : Town of Springfield

Subchapter 004 : Budgets and Finance

(Cite as: 24 App. V.S.A. ch. 149, § 52)
  • § 52. Debt and bonded debt for Town improvements

    (a) Authorization for any long-term debt shall be granted by the voters at an annual or special Town meeting duly authorized for that purpose. As used in this section, “long-term” means a period of indebtedness greater than five years.

    (b) An article requesting authorization to incur long-term debt can only be placed on the warning by a vote of four Selectboard members.

    (c) [Repealed.]

    (d) Articles requesting authorization for long-term debt shall be warned in accordance with State statute.

    (e) The Town Treasurer shall be authorized, subject to the approval of the Selectboard, to incur short-term debt in anticipation of taxes for funding. (Amended 2021, No. M-13 (Adj. Sess.), § 2, eff. May 16, 2022.)