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. 173, § 23)
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§ 23. Appropriations
(a) All amounts specified in the budget and approved by the voters at the annual Town
meeting are appropriated for the purposes specified. The Selectboard may transfer
appropriated amounts between general classifications of expenditures. All unexpended
and unencumbered appropriations, except appropriations for capital expenditures and
reserve accounts, shall lapse at the close of the fiscal year or, by action of the
Selectboard, may be placed in a Capital Reserve Fund.
(b) The majority of the Selectboard shall sign the orders at each regularly scheduled
meeting. (Amended 1999, No. M-12 (Adj. Sess.), § 14, eff. May 9, 2000; 2005, No. M-13 (Adj. Sess.), § 10, eff. May 17, 2006; 2011, No. M-18 (Adj. Sess.), § 2, eff. May 9, 2012.)