Vermont § 1821 - Definitions When used in this subchapter:

§ 1821. Definitions When used in this subchapter:

• (1) “Bond” means any bond or note issued by the municipal corporation and payable out
  of the net revenues from the operation of a public utility project. (2) “Cost of operation and maintenance” shall mean the expenses for operation, maintenance,
  repairs, and ordinary replacements properly and directly attributable to the operation
  or ordinary maintenance of the public utility project. (3) “Net revenues” shall mean revenues less cost of operation and maintenance. (4) “Project” shall mean an undertaking for the acquisition, construction, reconstruction,
  improvement, financing, enlargement, extension, or betterment of any of the following
  public utility systems: (A) Water systems or facilities as defined in chapter 89 of this title. (B) Sewage disposal systems or facilities as defined in chapter 97 or 101 of this title. (C) Systems or facilities for the generation, production, transmission, or distribution
  of gas (natural, artificial, or mixed) for lighting, heating, or power for public
  and private uses, as provided in 30 V.S.A. chapter 79 or by charter or special act. (D) Systems or facilities for the generation, production, transmission, or distribution
  of electric energy, including the ownership, operation, and management of a municipal
  plant as defined in 30 V.S.A. § 2901 and other generation, production, transmission, and distribution facilities located
  within and without the State. (E) Systems, facilities, and equipment for the collection, treatment, or disposal of solid
  waste, including sanitary landfills, and the generation, transmission, distribution,
  and sale of all products and forms of energy derived therefrom. (5) “Revenues” mean all revenues, rates, fees, charges, rents, or other income and receipts
  received by the municipal corporation from any source, or accrued to the municipal
  corporation, or any department, board, or agency thereof, in connection with the management
  and operation of a public utility project or system, and shall also include any interest
  received on any monies or securities of the municipal corporation which are pledged
  to the payment of the municipal corporation’s bonds, and any federal or State grants-in-aid
  with respect to such project or system. (Amended 1989, No. 111, § 5, eff