GroundRules
24 V.S.A. App. ch. 5, § 1117: Use of unexpended bond proceeds
Where this section sits in the code
- Title 24 Appendix: Municipal Charters
- Chapter 005: City of Montpelier
- Subchapter 011: INDEBTEDNESS; SINKING FUND; BONDS AND NOTES FOR IMPROVEMENTS
(a) The proceeds of all bonds or notes shall be used for the purpose for which they were authorized. However, any unexpended balance remaining after carrying out the purpose for which they were authorized may, by vote of any annual or special City meeting duly warned and held for that purpose, be authorized for any purpose for which bonds may be issued, in accordance with general law, or transferred to a sinking fund established by the Council.
(b) [Repealed.]
Collected 2026-09-05T17:17:06Z. Source file · JSON