2013 Vermont Statutes
Title 32 Taxation and Finance
Chapter 13 DEBTS AND CLAIMS
§ 1000 Affordable amount of general obligation bond authorization


32 V.S.A. § 1000 What's This?

1000. Affordable amount of general obligation bond authorization

When the General Assembly authorizes the issuance of new long-term general obligation bonds, it shall consider the maximum amount of such bonds recommended as prudent for the fiscal year concerned by the Capital Debt Affordability Advisory Committee created for this purpose by this subchapter. This requirement shall apply to the authorizations of all State tax supported general obligation bonds, which are secured by the State General and Transportation Funds. (Added 1989, No. 258 (Adj. Sess.), 1.)

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