Vermont § 1178 - Reimbursement for tax losses not covered by Compact

§ 1178. Reimbursement for tax losses not covered by Compact

• (a) The State of Vermont shall annually reimburse its political subdivisions for the ten
  percent of the amount of real property, personal property is lost to them by reason
  of acquisition and ownership by the United States of land, rights or other property
  acquired by the United States for flood control dams and reservoirs, and not reimbursed
  by the Commonwealth of Massachusetts and the State of Connecticut under the terms
  of the Connecticut River Flood Control Compact, sections 1151-1160 of this title. Such total annual reimbursement by the State of Vermont under the terms of this
  section shall equal one-ninth of the aggregate amount determined by the Connecticut
  River Flood Control Commission as being due by the State of Connecticut and the Commonwealth
  of Massachusetts to the State of Vermont solely for the aforesaid tax losses under
  the terms of said compact. (b) The Commissioner of Finance and Management shall annually issue his or her warrants
  in favor of those political subdivisions upon vouchers issued by the Secretary of
  Natural Resources at the same time as vouchers are issued for payments of reimbursement
  of the loss of that political subdivision by the State of Connecticut and Commonwealth
  of Massachusetts. (Amended 1959, No. 328 (Adj. Sess.), § 8; 1961, No. 100, § 2; 1981, No. 222 (Adj. Sess.), § 8; 1983, No. 195 (Adj. Sess.), § 5(b); 1987, No. 76, § 18.)