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
005
:
FINANCIAL
(Cite as: 24 App. V.S.A. ch. 101, § 29)
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§ 29. Appropriation
(a) All amounts specified in the budget and approved by the voters at an annual Town election
are appropriated for the purpose specified in the budget. Adoption of the budget shall
constitute appropriations of the amounts specified therein as expenditures from the
funds indicated and shall constitute a levy for all revenues proposed in the budget.
The Selectboard may transfer within the fiscal year any unexpended appropriation balance
or portion thereof between general classifications or expenditures.
(b) Money shall not be paid out of the Town Treasury except on a payroll or warrant signed
by at least three of the members of the Selectboard and authenticated by the Town
Manager.
(c) Every appropriation, except an appropriation for a capital expenditure, shall lapse
at the close of the fiscal year to the extent that it has not been expended or encumbered.
An appropriation for capital expenditure shall continue in force until the purposes
for which it was made have been accomplished or formally abandoned. (Amended 2019, No. M-1, § 2, eff. April 19, 2019.)