There Is a Newer Version
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the Vermont Statutes
2011 Vermont Code
Title 16 Education
Chapter 9 SCHOOL DISTRICTS
§ 515 Payment of a deficit
Universal Citation:
16 VT Stats § 515. (2011 through Adj Sess)
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§ 515. Payment of a deficit
When a demand is made upon a district for the payment of an execution issued against it and the district has no available funds to pay the same, the prudential committee shall borrow funds sufficient to pay such execution and related charges and shall add the debt to the following year's adopted budget pursuant to 24 V.S.A. { 1523(b). (Amended 1997, No. 71 (Adj. Sess.), { 108, eff. March 11, 1998.)
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