Vermont § 4049 - Fish and Wildlife Trust Fund

§ 4049. Fish and Wildlife Trust Fund

• (a) The General Assembly recognizes the importance to the people of Vermont of conserving
  Vermont’s fish and wildlife resources. Therefore, in order to provide the opportunity
  for Vermonters to invest in the future of its fish and wildlife resources, there is
  hereby created a Fish and Wildlife Trust Fund within the Fish and Wildlife Fund that
  shall consist of: (1) receipts from sales of any lifetime licenses created pursuant to subsection 4279(f) of this title; (2) any gifts, grants, or contributions made to the Trust Fund; (3) funds that may be appropriated by the General Assembly. (b) The Commissioner, after consultation with the Secretary of Natural Resources, the
  Secretary of Administration, and the State Treasurer, may determine whether the Trust
  Fund is to be managed by the State Treasurer or by a private firm contracted by the
  State Treasurer at the direction of the Commissioner. (c) When the balance of the Trust Fund reaches $250,000.00, the Commissioner may withdraw
  interest as needed for operation of departmental programs. The principal shall remain
  in the Trust Fund in perpetuity, even should provisions of law regarding lifetime
  licenses be repealed. (d) [Repealed.] (Added 1991, No. 205 (Adj. Sess.), § 1, eff. July 1, 1993; amended 1993, No. 191 (Adj. Sess.), §§ 2, 3; 1997, No. 155 (Adj. Sess.), § 41, eff. April 27, 1998; 1997, No. 155 (Adj. Sess.), § 41, eff. Jan. 1, 1999.)