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2016 Vermont Statutes
Title 32 - Taxation and Finance
Chapter 13 - Debts And Claims
Subchapter 4: TRANSPORTATION INFRASTRUCTURE BONDS
§ 975 Proceeds

32 V.S.A. § 975 What's This?

§ 975. Proceeds

Proceeds from the sale of bonds may be expended for the authorized purposes of the bonds; including the expenses of preparing, issuing, and marketing the bonds; any notes issued under section 976 of this title; and amounts for any reserves. However, no purchasers of the bonds shall be bound to see to the proper application of the proceeds thereof. (Added 2009, No. 50, § 28; amended 2011, No. 63, § F.106, eff. June 2, 2011.)

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