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.
(Cite as: 24 App. V.S.A. ch. 601, § 52)
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§ 52. Approval to bond
No proposal to the voters of the District for the approval of a bond or bonds to raise
money for the District or to authorize a long-term contract as provided in Article
4 of this chapter shall be made until the District has been in existence for at least
one year unless the proposal has been approved by a unanimous vote of the Board of
Supervisors. Any proposal for bonding or a long term contract or contracts, regardless
of when made, shall not be scheduled for public vote until at least 120 days following
the submission of the proposal unless by a unanimous vote of the Board of Supervisors.
During that 120 day period, any municipality may request, and the District shall furnish
within 30 days following the request, a statement of the indebtedness then owed by
the municipality to the District. A municipality may vote within the 120 day period
to withdraw from the District effective as of one year following the vote to withdraw
or as soon after such one year period as the financial obligations in existence prior
to the approval by the Board of the bond or long-term indebtedness then under consideration
of the withdrawing municipality have been paid to the District, without obligation
for the bond, bonds, or long-term indebtedness then under consideration. (Added 2005, No. M-8, § 2.)