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 403 : Central Vermont Solid Waste Management District
Subchapter 004 : FISCAL AFFAIRS
(Cite as: 24 App. V.S.A. ch. 403, § 40)-
§ 40. Capital reserve fund
The Board of Supervisors shall establish and provide for a capital reserve fund to pay for public improvements, replacement of worn out buildings and equipment, and planned and unplanned major repairs of a disposal facility, in furtherance of the purpose for which the District was created. Any such capital reserve fund shall be kept in a separate account and invested as are other public funds, and shall be expended for such purposes for which established. The cost of payments to any capital reserve fund shall be included in the annual budget of the District.
