The amount of indebtedness of an incorporated school district, town school district, or union school district incurred to finance any project approved under sections 3447-3456 of this title shall not be considered a part of the indebtedness of such local district for the purpose of determining its debt limit, as provided by 24 V.S.A. § 1762, or otherwise.
Vt. Stat. Ann. tit. 16, § 3456
Limit of indebtedness
Added 1953, No. 256, § 10; amended 1955, No. 266, § 2; 2013, No. 92 (Adj
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.