{"data":{"id":"us-vt/24-v.s.a.-app.-ch.-149-52","jurisdiction":"us-vt","citation":"24 V.S.A. App. ch. 149, § 52","heading":"Debt and bonded debt for Town improvements","body":"(a) Authorization for any long-term debt shall be granted by the voters at an annual or special Town meeting duly authorized for that purpose. As used in this section, “long-term” means a period of indebtedness greater than five years.\n(b) An article requesting authorization to incur long-term debt can only be placed on the warning by a vote of four Selectboard members.\n(c) [Repealed.]\n(d) Articles requesting authorization for long-term debt shall be warned in accordance with State statute.\n(e) The Town Treasurer shall be authorized, subject to the approval of the Selectboard, to incur short-term debt in anticipation of taxes for funding.","path":["Title 24 Appendix: Municipal Charters","Chapter 149: Town of Springfield","Subchapter 004: BUDGETS AND FINANCE"],"source_url":"https://legislature.vermont.gov/statutes/section/24APPENDIX/149/00052","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T17:17:06Z","sha256":"787a4305ad1ba45977df2c925cc4682957027de5e93eae81b16f9ad9292b5de2","source_id":"us-vt","stale":false,"prev":"us-vt/24-v.s.a.-app.-ch.-149-51","next":"us-vt/24-v.s.a.-app.-ch.-150-1"},"notice":"GroundRules: Original legal text. Not legal advice."}