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Searching 2021-2022 Session

The Vermont Statutes Online


Title 24 Appendix : Municipal Charters


Subchapter 004 : FISCAL AFFAIRS

(Cite as: 24 App. V.S.A. ch. 417, § 42)
  • § 417-42. Capital reserve fund

    The Board of Supervisors shall establish and provide for a capital reserve fund to pay for public improvements, replacement of worn-out buildings and equipment, and planned and unplanned major repairs of a 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. (Amended 2011, No. M-11 (Adj. Sess.), § 2, eff. July 12, 2012.)