Vermont § 1505 - Budget limitations—borrowing

Full text of Vermont Vermont Statutes Online § 1505 — Budget limitations—borrowing, with citation guidance and answers to common questions.

§ 1505. Budget limitations—borrowing

  • (a) The incurring of bonded indebtedness, the issuing of bonds, the making of temporary
    loans in anticipation of the sale of bonds, and all other matters pertaining to bonded
    indebtedness and borrowing for current expenses or in anticipation of the receipt
    of taxes shall be controlled by applicable statutes. (b) The Village, by vote at an annual or special meeting, may borrow money under such
    terms and conditions and for such lawful municipal purposes as the Village shall vote. (c) The trustees, in the name of the Village, may borrow funds in anticipation of federal
    and State funds that have been approved and committed. Any debt so incurred for a
    project shall be repaid from the first federal or State funds received for that project.

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Frequently Asked Questions About Vermont § 1505

What does Vermont Statutes Online § 1505 cover?

Section 1505 ("Budget limitations—borrowing") 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 § 1505?

A common citation format is "Vermont Statutes Online § 1505" (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 § 1505 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.