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. 407, § 408)
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§ 408. Capital reserve fund
The Board of Supervisors may establish and provide for a capital reserve fund to pay
in full or in part for public improvements, replacement of worn-out buildings and
equipment, and planned and unplanned major repairs of a management 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.