The Vermont Statutes Online
The Statutes below include the actions of the 2024 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.
Title 32 : Taxation and Finance
Chapter 013 : Debts and Claims
Subchapter 008 : MANAGEMENT OF STATE DEBT
(Cite as: 32 V.S.A. § 1000)-
§ 1000. Affordable amount of general obligation bond authorization
When the General Assembly authorizes the issuance of new long-term general obligation bonds, it shall consider the maximum amount of such bonds recommended as prudent for the fiscal year concerned by the Capital Debt Affordability Advisory Committee created for this purpose by this subchapter. This requirement shall apply to the authorizations of all State tax supported general obligation bonds, which are secured by the State General and Transportation Funds. (Added 1989, No. 258 (Adj. Sess.), § 1.)
