Vt. Stat. Ann. tit. 30, § 3002a
Obligations treated as expenses
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
The obligations of any cooperative under any contract authorized under section 3002 of this title shall not be deemed to constitute an indebtedness or a lending of credit of the cooperative, but shall be treated as expenses of operating an electric plant.
The obligations of any cooperative under any contract authorized under section 3002 of this title shall not be deemed to constitute an indebtedness or a lending of credit of the cooperative, but shall be treated as expenses of operating an electric plant.
Added 1989, No. 112, § 3b, eff. June 22, 1989.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.