Vermont § 1117 - Use of unexpended bond proceeds

Full text of Vermont Vermont Statutes Online § 1117 — Use of unexpended bond proceeds, with citation guidance and answers to common questions.

§ 1117. Use of unexpended bond proceeds

  • (a) The proceeds of all bonds or notes shall be used for the purpose for which they were
    authorized. However, any unexpended balance remaining after carrying out the purpose
    for which they were authorized may, by vote of any annual or special City meeting
    duly warned and held for that purpose, be authorized for any purpose for which bonds
    may be issued, in accordance with general law, or transferred to a sinking fund established
    by the Council. (b) [Repealed.] (Amended 2013, No. M-19 (Adj. Sess.), § 2, eff. May 20, 2014; 2017, No. M-18 (Adj. Sess.), § 2, eff. May 21, 2018.)

Source: official Vermont text · Last verified 2026-08-27

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Frequently Asked Questions About Vermont § 1117

What does Vermont Statutes Online § 1117 cover?

Section 1117 ("Use of unexpended bond proceeds") 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 § 1117?

A common citation format is "Vermont Statutes Online § 1117" (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 § 1117 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.