Vermont § 4032 - Supplemental District Spending Reserve [Effective July 1, 2028 if contingency met]
Full text of Vermont Vermont Statutes Online § 4032 — Supplemental District Spending Reserve [Effective July 1, 2028 if contingency met], with citation guidance and answers to common questions.
§ 4032. Supplemental District Spending Reserve [Effective July 1, 2028 if contingency met]
- (a) There is hereby created the Supplemental District Spending Reserve within the Education
Fund. Any recapture, as defined in 32 V.S.A. § 5401, paid to the Education Fund as part of the revenue from the supplemental district
spending tax imposed pursuant to 32 V.S.A. § 5402(f) shall be reserved within the Supplemental District Spending Reserve. (b) In any fiscal year in which the amounts raised through the supplemental district spending
tax imposed pursuant to 32 V.S.A. § 5402(f) are insufficient to cover payment to each school district of its supplemental district
spending, the Supplemental District Spending Reserve shall be used by the Commissioner
of Finance and Management to the extent necessary to offset the deficit as determined
by generally accepted accounting principles. (c) Any funds remaining in the Supplemental District Spending Reserve at the close of
the fiscal year after accounting for the process under subsection (b) of this section
shall be unreserved in the Education Fund for the purpose of decreasing the following
year’s statewide education property tax rate. (Added 2025, No. 73, § 43, contingently eff. July 1, 2028.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 4032
What does Vermont Statutes Online § 4032 cover?
Section 4032 ("Supplemental District Spending Reserve [Effective July 1, 2028 if contingency met]") 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 § 4032?
A common citation format is "Vermont Statutes Online § 4032" (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 § 4032 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.