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2012 Vermont Statutes
Title 24 Appendix Municipal Charters
Chapter 405 CHITTENDEN SOLID WASTE MANAGEMENT DISTRICT
§ 39 Sinking fund


24 V.S.A. App § 405-39. What's This?

§ 405-39. Sinking fund

The board of commissioners may establish 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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