Vermont § 426 - Duties of the town school district treasurer

§ 426. Duties of the town school district treasurer

• (a) The town treasurer shall be treasurer of the town school district unless, by vote
  of the town school district, a town school district treasurer is elected. He or she
  shall keep in a separate bank account all the money appropriated or given for the
  use of the school district. Within 20 days after the date the school taxes become
  due and payable or within such other period of time as may be agreed upon in writing
  by both the selectboard and the board of school directors, he or she shall deposit
  in the school account payments of the school tax levy received. However, if notification
  of the amount to be transferred by the Secretary of Education to the school district
  has not been received within 20 days of the date taxes are due and payable, the transfer
  shall be effected within 20 days of notification by the Secretary. (b) Within 120 days after the date on which taxes become delinquent, but in no event later
  than the end of the school year, the treasurer shall deposit the balance of the sum
  of the gross school tax levy in the school account. (c) The treasurer shall pay out of such money orders drawn by or upon the authority of
  the board of school directors. If he or she does not pay any such order on demand,
  the holder thereof may recover the amount from the town school district with interest
  from the time of such demand. Monies so received by the town school district may
  be invested and reinvested by the treasurer with the approval of the board of school
  directors. (d) The town school district treasurer shall keep financial records of cash receipts and
  disbursements and shall make those records available to the board of school directors
  or the supervisory union board when requested to do so. (Added 1969, No. 298 (Adj. Sess.), § 46; amended 1979, No. 23, § 1; 1981, No. 239 (Adj. Sess.), § 4; 1987, No. 127 (Adj. Sess.); 1987, No. 228 (Adj. Sess.), § 11; 1989, No. 4; 1991, No. 103, § 3; 2005, No. 54, § 2; 2013, No. 92 (Adj. Sess.), § 47, eff. Feb. 14, 2014.)