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. 403, § 39)
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§ 39. Sinking fund
The Board of Supervisors may establish and provide for a sinking fund, however denominated,
for the retirement of bond issue or other debt, or to provide security for its payment.
When so established, it may be kept intact and separate from other monies at the disposal
of the District, and may be accounted for as a pledged asset for the purpose of retiring
or securing such obligations. The cost of payments to any sinking fund may be included
in the annual budget of the District. (Amended 2017, No. M-1, § 1.)