24 V.S.A. App. ch. 149, § 43: Capital expenditure program

(a) Preparation and submission. The Town Manager, after consultation with department heads, shall submit a proposed five-year capital expenditure program to the Selectboard, with a copy provided to the Budget Advisory Committee, at least three months prior to Town meeting.

(b) Contents.

(1) The capital expenditure program shall include:

(A) a narrative summary of requests;

(B) a list of all capital expenditures to be proposed for the next five years with appropriate supporting data;

(C) cost estimates, proposed methods of financing, and necessary time schedules for each improvement or asset.

(c) Revision and update. The above program shall be revised and extended each year to reflect progress or projects still pending or assets to be acquired.

(d) Inclusion in budget. A summary of the capital expenditure program shall be included in the budget with special emphasis on the expenditures for the particular year.