Vermont § 1420m - Finance powers

Full text of Vermont Vermont Statutes Online § 1420m — Finance powers, with citation guidance and answers to common questions.

§ 1420m. Finance powers

  • (a) The Interstate Commission may levy on and collect an annual assessment from each member
    state to cover the cost of the operations and activities of the Interstate Commission
    and its staff. The total assessment must be sufficient to cover the annual budget
    approved each year for which revenue is not provided by other sources. The aggregate
    annual assessment amount shall be allocated upon a formula to be determined by the
    Interstate Commission, which shall promulgate a rule binding upon all member states. (b) The Interstate Commission shall not incur obligations of any kind prior to securing
    the funds adequate to meet the same. (c) The Interstate Commission shall not pledge the credit of any of the member states,
    except by, and with the authority of, the member state. (d) The Interstate Commission shall be subject to a yearly financial audit conducted by
    a certified or licensed public accountant and the report of the audit shall be included
    in the annual report of the Interstate Commission. (Added 2017, No. 115 (Adj. Sess.), § 1, eff. Jan. 1, 2020.)

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Frequently Asked Questions About Vermont § 1420m

What does Vermont Statutes Online § 1420m cover?

Section 1420m ("Finance powers") 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 § 1420m?

A common citation format is "Vermont Statutes Online § 1420m" (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 § 1420m 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.