Vermont § 502 - Monies to be paid over without deduction

§ 502. Monies to be paid over without deduction

• (a) The gross amount of money received in their official capacities by every administrative
  department, board, officer, or employee, from whatever source, shall be paid forthwith
  to the State Treasurer, or deposited according to the direction of the State Treasurer
  in such bank to the credit of the State Treasurer as the Treasurer shall designate,
  without any deduction on account of salaries, fees, costs, charges, expenses, claim,
  or demand of any description whatsoever, unless otherwise provided. Such monies shall
  be credited to such funds as are now or may hereafter be designated for the deposit
  thereof. Money so paid and all monies belonging to or for the use of the State shall
  not be expended or applied by any department, board, officer, or employee, except
  in accordance with the provisions of section 462 of this title. (b) [Repealed.] (c) Notwithstanding subsection (a) of this section, bank charges directly related to the
  investment, management, and custodial services for State funds may be applied against
  any related investment earnings resulting from the investment, management, and custodial
  services provided by the financial institution. Such charges shall include only those
  direct fees charged by financial institutions and as expressly approved by the State
  Treasurer. The State Treasurer shall obtain and retain detailed monthly statements
  from each respective financial institution of all charges assessed and such reports
  shall be available for audit by the Auditor of Accounts. (Amended 1959, No. 328 (Adj. Sess.), § 8(b); 1983, No. 81, § 2; 1983, No. 195 (Adj. Sess.), § 5(b); 1987, No. 243 (Adj. Sess.), § 59, eff. June 13, 1988; 1995, No. 178 (Adj. Sess.), § 266; 1997, No. 66 (Adj. Sess.), § 65, eff. Feb. 20, 1998; 2005, No. 215 (Adj. Sess.), § 60a.)