Vermont § 407 - Sinking fund The Board of Supervisors may establish and provide for a sinking fund, however denominated, for the retirement of bond issue or other debt or to provide security for the payment thereof
Full text of Vermont Vermont Statutes Online § 407 — Sinking fund The Board of Supervisors may establish and provide for a sinking fund, however denominated, for the retirement of bond issue or other debt or to provide security for the payment thereof, with citation guidance and answers to common questions.
§ 407. Sinking fund The Board of Supervisors may establish and provide for a sinking fund, however denominated, for the retirement of bond issue or other debt or to provide security for the payment thereof
- . When so established, it shall be kept intact and separate from other monies
at the disposal of the District and shall be accounted for as a pledged asset for
the purpose of retiring or securing such obligations. The cost of payments to any
sinking fund shall be included in the annual budget of the District.
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 407
What does Vermont Statutes Online § 407 cover?
Section 407 ("Sinking fund The Board of Supervisors may establish and provide for a sinking fund, however denominated, for the retirement of bond issue or other debt or to provide security for the payment thereof") 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 § 407?
A common citation format is "Vermont Statutes Online § 407" (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 § 407 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.