Vermont § 405 - Indebtedness The Board of Supervisors may borrow money through the issuance of notes of the District for the purpose of paying current expenses of the District
Full text of Vermont Vermont Statutes Online § 405 — Indebtedness The Board of Supervisors may borrow money through the issuance of notes of the District for the purpose of paying current expenses of the District, with citation guidance and answers to common questions.
§ 405. Indebtedness The Board of Supervisors may borrow money through the issuance of notes of the District for the purpose of paying current expenses of the District
- . Such notes must mature
within one year. The Board of Supervisors may also borrow money in anticipation of
grants-in-aid from any source and any revenues other than assessment through the issuance
of notes of the District. Such notes must mature within one year, but may be renewed
as provided by general law. The Board of Supervisors may also borrow money in anticipation
of assessments to each member municipality in an amount not to exceed 90 percent of
the amount assessed for each year, and may issue notes of the District that must mature
within one year. The Board of Supervisors may also borrow money in anticipation of
bond proceeds that have been authorized as provided herein. Said notes shall be issued
as provided in 24 V.S.A. chapter 53.
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 405
What does Vermont Statutes Online § 405 cover?
Section 405 ("Indebtedness The Board of Supervisors may borrow money through the issuance of notes of the District for the purpose of paying current expenses of the District") 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 § 405?
A common citation format is "Vermont Statutes Online § 405" (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 § 405 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.