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. 411, § 407)
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§ 407. Long-term indebtedness; long-term contracts
Upon resolution adopted by a majority vote of the Board of Supervisors at a regular
or special meeting, which resolution shall set forth that the Board of Supervisors
determines that the interests of the District require either the undertaking of capital
improvements that cannot be financed through the current budget of the District, or
the entering into a long-term contract, or upon petition signed by at least five percent
of the legal voters of the District, the Board of Supervisors shall take such steps
as are required by the provisions of this agreement and by the laws of the State of
Vermont to submit the proposal to the legal voters of the District at an annual or
special meeting duly warned for that purpose.