2013 Vermont Statutes
Title 24 Appendix Municipal Charters
Chapter 413 NORTHWEST VERMONT SOLID WASTE MANAGEMENT DISTRICT
§ 407 Capital reserve fund
413-407. Capital reserve fund
The Board of Supervisors shall establish and provide for a capital reserve fund to pay for public improvements, replacement of worn-out buildings and equipment, and planned and unplanned major repairs of a disposal facility, in furtherance of the purpose for which the District was created. 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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