There is a newer version
of
this Appendix
2019 Vermont Statutes
Title 24 Appendix - Municipal Charters
Chapter 151 - Town Of St. Johnsbury
App 151-20 Undesignated reserve fund
Universal Citation: 24A V.S.A. § 151-20
§ 151-20. Undesignated reserve fund
The Selectboard may annually reserve any surplus in the essential services budget, not to exceed five percent of the budget, for the purpose of establishing an undesignated reserve fund. The reserve fund shall be kept in a separate account and invested as are other public funds and may be expended for purposes as may be authorized by a majority of the voters present and voting at an annual or special meeting duly warned. (Added 2005, No. M-14 (Adj. Sess.), § 7.)
Disclaimer: These codes may not be the most recent version. Vermont may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
