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. 409, § 404)
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§ 404. Limitations of appropriations
Appropriations made by the Board for the various estimates of the budget as defined
in section 402 of this chapter above shall be expended only for such estimates; however,
by majority vote of the Board, the budget may be amended from time to time to transfer
funds between or among such estimates. Any balance left or unencumbered in any such
budget estimate shall lapse at the end of the fiscal year. The amount of any deficit
at the end of the fiscal year shall be included in the next proposed operating budget
and paid out of the appropriations for that budget year.