Vermont § 411 - Capital reserve fund
Full text of Vermont Vermont Statutes Online § 411 — Capital reserve fund, with citation guidance and answers to common questions.
§ 411. Capital reserve fund
- (a) The Board of Supervisors, with the approval of a majority of the voters present and
voting at a special District meeting called and warned for such purpose, may establish
and provide for a capital reserve fund to pay for public improvements in furtherance
of the purposes for which the District was created. (b) Any such capital reserve fund shall be kept in a separate account and invested as
are other public funds and may be expended for the purpose for which established,
or other purposes when authorized by a majority of the voters present and voting at
a special District meeting duly called and warned for that purpose. (c) The cost of payments to any capital reserve fund shall be included in the annual budget
of the District and shall be allocated among the member municipalities as provided
in section 404 of this charter. (Added 2019, No. M-2, § 2, eff. April 19, 2019.)
Frequently Asked Questions About Vermont § 411
What does Vermont Statutes Online § 411 cover?
Section 411 ("Capital reserve 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 § 411?
A common citation format is "Vermont Statutes Online § 411" (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 § 411 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.