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2012 Vermont Statutes
Title 24 Appendix Municipal Charters
Chapter 409 LAMOILLE REGIONAL SOLID WASTE MANAGEMENT DISTRICT
§ 407 Capital reserve fund


24 V.S.A. App § 409-407. What's This?

§ 409-407. Capital reserve fund

The board may establish and provide for a capital reserve fund to pay for public improvements, replacement of worn out buildings and equipment, and major repairs of district facilities. Any such capital reserve fund shall be kept in a separate account and invested as are other public funds and shall be expended for such purposes for which established. The cost of payments to any capital reserve fund shall be included in the annual budget of the district.

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