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2025 Vermont Statutes
Title 32 - Taxation and Finance
Chapter 13 - Debts and Claims
§ 975. Proceeds
Universal Citation:
32 VT Stats § 975
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§ 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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