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2011 Vermont Code
Title 24 Appendix Municipal Charters
Chapter 149 TOWN OF SPRINGFIELD
§ 43 Capital expenditure program

Universal Citation:
24 VT Stats App. § 149-43. (2011 through Adj Sess)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

§ 149-43. Capital expenditure program

(a) Preparation and submission: The manager, after consultation with department heads, shall submit a proposed five-year capital expenditure program to the board of selectmen at least three (3) months prior to town meeting.

(b) Contents:

(1) The capital expenditure program shall include but not be limited to:

(A) A clear narrative summary of needs;

(B) A list of all capital expenditures to be proposed for the next five (5) years with appropriate supporting data;

(C) Actual cost estimates, proposed methods of financing, and necessary time schedules for each improvement;

(D) Estimated annual cost of operating and maintaining the facilities to be constructed or acquired.

(c) Revision and update: The above program shall be revised and extended each year to reflect progress or projects still pending.

(d) Inclusion in annual budget: A summary of the capital expenditure program shall be included in the annual budget with special emphasis on the expenditures for the particular year.

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