Vt. Stat. Ann. tit. 16, § 515
Payment of a deficit
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
When a demand is made upon a district for the payment of an execution issued against it and the district has no available funds to pay the same, the prudential committee shall borrow funds sufficient to pay such execution and related charges and shall add the debt to the following year's adopted budget pursuant to 24 V.S.A. § 1523(b).
When a demand is made upon a district for the payment of an execution issued against it and the district has no available funds to pay the same, the prudential committee shall borrow funds sufficient to pay such execution and related charges and shall add the debt to the following year’s adopted budget pursuant to 24 V.S.A. § 1523(b).
Amended 1997, No. 71 (Adj. Sess.), § 108, eff. March 11, 1998.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.