2013 Vermont Statutes
Title 24 Appendix Municipal Charters
Chapter 19 CITY OF WINOOSKI
§ 709 Lapse of appropriations
19-709. 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. (Added 2013, No. M-9, 3, eff. June 4, 2013.)
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