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, § 406)
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§ 406. Sinking fund
The Board may establish and provide for a sinking fund, however denominated, for the
retirement of bond issue or other debt, or to provide security for the payment thereof.
When so established, it shall be kept intact and separate from other monies at the
disposal of the District, and shall be accounted for as a pledged asset for the purpose
of retiring or securing such obligations. The cost of payments to any sinking fund
shall be included in the annual budget of the District.