Vermont § 743 - Bond issues; debt limit
Full text of Vermont Vermont Statutes Online § 743 — Bond issues; debt limit, with citation guidance and answers to common questions.
§ 743. Bond issues; debt limit
- (a) A unified union school district may make improvements, as defined by 24 V.S.A. § 1751 (municipal and county government; indebtedness definitions), and may incur indebtedness
for improvements as provided in 24 V.S.A. chapter 53, subchapter 1 (municipal and county government; indebtedness generally). (b) The debt limit of the unified union school district shall be 10 times the total of
the education grand lists of the towns within the unified union school district. The
existing indebtedness of a unified union school district incurred to finance any project
approved under sections 3447 to 3456 (State aid for capital construction costs) of
this title shall not be considered a part of the indebtedness of the unified union
school district for purposes of determining its debt limit for a new proposed bond
issue. (c) Bond issues under this section shall be determined by Australian ballot and shall
proceed pursuant to sections 737 (warnings of unified union school district meetings)
and 739–742 (vote by Australian ballot) of this subchapter. The ballots shall be commingled
before counting. (Added 2021, No. 176 (Adj. Sess.), § 3, eff. June 7, 2022.)
Frequently Asked Questions About Vermont § 743
What does Vermont Statutes Online § 743 cover?
Section 743 ("Bond issues; debt limit") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 743?
A common citation format is "Vermont Statutes Online § 743" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 743 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.