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2011 Vermont Code
Title 24 Appendix Municipal Charters
Chapter 417 WINDHAM SOLID WASTE MANAGEMENT DISTRICT
§ 38 Sinking fund


24 VT Stats App. § 417-38. (2011 through Adj Sess) What's This?

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TITLE 24A

0 TITLE TWENTY-FOUR

APPENDIX

Municipal Charters

PART IV

Solid Waste Districts

CHAPTER 417. WINDHAM SOLID WASTE MANAGEMENT DISTRICT

Subchapter IV. Fiscal Affairs

§ 417-38. Sinking fund

The board of supervisors may establish and provide for a sinking fund, however denominated, for the retirement of bond issue or other debt, or to provide security for the payment thereof. When so established, it shall be kept intact and separate from other monies at the disposal of the district, and shall be accounted for as a pledged asset for the purpose of retiring or securing such obligations. The cost of payments to any sinking fund shall be included in the annual budget of the district.

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