There Is a Newer Version
of
the Vermont Statutes
2011 Vermont Code
Title 16 Education
Chapter 125 FEDERAL AID
§ 3597 Tax-credit bond financing; qualified school academy zones; qualified school construction bonds
Universal Citation:
16 VT Stats § 3597. (2011 through Adj Sess)
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§ 3597. Tax-credit bond financing; qualified school academy zones; qualified school construction bonds
The American Recovery and Reinvestment Act of 2009, Pub. L. No. 111-5, expanded existing and created new tax-credit bond programs available to public schools. Accordingly, school districts are authorized to issue bonds to finance public school building construction and rehabilitation, the purchase of equipment, the development of course materials, and teacher and personnel training, consistent with sections 1397E and 54F of the Internal Revenue Code, pertaining to qualified school academy zones and qualified school construction bonds. (Added 2009, No. 54, { 21, eff. June 1, 2009.)
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