2013 Vermont Statutes
Title 16 Education
Chapter 123 STATE AID FOR CAPITAL CONSTRUCTION COSTS
§ 3456 Limit of indebtedness
3456. Limit of indebtedness
The amount of indebtedness of an incorporated school district, town school district or union high school incurred to finance any project approved under sections 3447-3456 of this title shall not be considered a part of the indebtedness of such local district for the purpose of determining its debt limit, as provided by section 1762 of Title 24, or otherwise. (1953, No. 256, 10; amended 1955, No. 266, 2.)
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