The Vermont Statutes Online
The Statutes below include the actions of the 2025 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.
Subchapter
004
:
FISCAL AFFAIRS
(Cite as: 24 App. V.S.A. ch. 417, § 42)
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§ 42. 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 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. (Amended 2011, No. M-11 (Adj. Sess.), § 2, eff. July 12, 2012.)