Vermont § 3709 - PILOT Special Fund

Full text of Vermont Vermont Statutes Online § 3709 — PILOT Special Fund, with citation guidance and answers to common questions.

§ 3709. PILOT Special Fund

  • (a) There is hereby established a PILOT Special Fund consisting of local option tax revenues
    paid to the State Treasurer pursuant to 24 V.S.A. § 138. This Fund shall be managed by the Commissioner of Taxes pursuant to chapter 7, subchapter
    5 of this title. Notwithstanding subdivision 588(3) of this title, all interest earned on the Fund shall be retained in the Fund for use in meeting
    future obligations. The Fund shall be exclusively for payments required under chapter
    123, subchapters 4 and 4C of this title, and for any additional State payments in
    lieu of taxes for correctional facilities. The Commissioner of Finance and Management
    may draw warrants for disbursements from this Fund in anticipation of receipts. (b) If the PILOT Special Fund is insufficient to pay the full amount of all payments in
    lieu of taxes under subchapter 4 of this chapter, then, after application of the cap
    in subsection 3703(c) of this title, payments determined under section 3703 of this subchapter shall be reduced proportionately. (Added 2005, No. 215 (Adj. Sess.), § 287; amended 2007, No. 192 (Adj. Sess.), § 6.011.1, eff. June 7, 2008; 2025, No. 27, § E.142.1, eff. July 1, 2025.)

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Frequently Asked Questions About Vermont § 3709

What does Vermont Statutes Online § 3709 cover?

Section 3709 ("PILOT Special Fund") 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 § 3709?

A common citation format is "Vermont Statutes Online § 3709" (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 § 3709 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.