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
007
:
FINANCES
(Cite as: 24 App. V.S.A. ch. 107, § 7.01)
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§ 7.1. Capital expenditures
(a) The Selectboard and the school directors shall submit to the annual Representative
Town Meeting a list of possible capital expenditures for the next five years for the
guidance and information of Representative Town Meeting, which shall not be binding
on either the Selectboard or the school directors. Such list, which shall not be regarded
as indicative of intent, should specify possible and preferred methods of financing
such capital expenditures and the estimated annual cost of operating and maintaining
the facilities to be constructed or acquired. It may be revised and expanded each
year with regard to capital improvements still pending or in process of construction
or acquisition.
(b) No capital expenditure by the Town shall be made or submitted for action at Representative
Town Meeting without prior consideration of the Selectboard.
(c) No capital expenditure by the Town School District shall be made or submitted for
action at a Town School District Meeting without prior consideration of the school
directors. (Amended 2003, No. M-6, § 2; 2011, No. M-10 (Adj. Sess.), § 2, eff. April 27, 2012.)