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2005 Vermont Code - § 308c. — General fund and transportation fund surplus reserves

§ 308c. General fund and transportation fund surplus reserves

(a) There is hereby created within the general fund a general fund surplus reserve. Monies from this reserve shall not be expended except by specific appropriation of the general assembly.

(b) There is hereby created within the transportation fund a transportation fund surplus reserve. Monies from this reserve shall not be expended except by specific appropriation of the general assembly.

(c) The general fund surplus reserve created in subsection (a) of this section shall supersede and replace the general fund surplus reserve established in Sec. 277(5) of No. 147 of the Acts of the 1997 Adj. Sess. (1998), as amended by Sec. 88 of No. 1 of the Acts of 1999. (Added 2005, No. 71, § 256.)

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