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
:
TRANSPORTATION INFRASTRUCTURE BONDS
(Cite as: 32 V.S.A. § 975)
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§ 975. Proceeds
Proceeds from the sale of bonds may be expended for the authorized purposes of the
bonds, including the expenses of preparing, issuing, and marketing the bonds; any
notes issued under section 976 of this title; and amounts for any reserves. However, no purchasers of the bonds shall be bound
to see to the proper application of the proceeds thereof. (Added 2009, No. 50, § 28; amended 2011, No. 63, § F.106, eff. June 2, 2011.)