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
001
:
ACCOUNTING
(Cite as: 32 V.S.A. § 404)
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§ 404. Returned payments; penalty
(a) Agencies and departments of State government may assess a penalty of $20.00 against
the issuer for each payment for amounts due in the form of a check, draft, electronic
payment, or other acceptable forms of payment that have been dishonored for lack of
funds or credit to pay the same.
(b) Such penalty collected shall be credited to a special fund established and managed
pursuant to chapter 7, subchapter 5 of this title, or to another budgeted fund other
than the General Fund, and shall be available to the agency or department to offset
the costs of collecting the amount owed. (Added 1983, No. 59, § 12, eff. April 22, 1983; amended 1989, No. 222 (Adj. Sess.), § 1, eff. May 31, 1990; 1991, No. 234 (Adj. Sess.), § 2; 1993, No. 27, § 5; 1997, No. 59, § 21, eff. June 30, 1997; 2013, No. 191 (Adj. Sess.), § 1; 2017, No. 74, § 133.)