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2011 Vermont Code
Title 24 Appendix Municipal Charters
Chapter 17 CITY OF WINOOSKI
§ 5.09 Lapse of appropriations


24 VT Stats App. § 17-5.9. (2011 through Adj Sess) What's This?

§ 17-5.9. Lapse of appropriations

Every appropriation, except an appropriation for a capital expenditure, shall lapse at the close of the fiscal year to the extent that it has not been expended or encumbered. An appropriation for a capital expenditure shall continue in force until the purpose for which it was made has been accomplished or abandoned, the purpose of any such appropriation shall be deemed abandoned if three years pass without any disbursement from or encumbrance of the appropriation.

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