Vermont § 44 - Reserve funds

Full text of Vermont Vermont Statutes Online § 44 — Reserve funds, with citation guidance and answers to common questions.

§ 44. Reserve funds

  • (a) The Selectboard may raise and appropriate money for the establishment of reserve or
    equipment reserve funds for the financing of all or part of: (1) the construction, reconstruction, or acquisition of a specific capital improvement,
    or the acquisition of a specific item of equipment; (2) the construction, reconstruction, or acquisition of a type of capital improvement
    or acquisition of a type of equipment; (3) other purposes to meet specific obligations and needs of the Town so as to ensure
    efficient operations. (b) The size and regulation of reserve funds shall be determined by the Selectboard. (Amended 2021, No. M-13 (Adj. Sess.), § 2, eff. May 16, 2022; 2023, No. M-2, § 2, eff. May 4, 2023.)

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Frequently Asked Questions About Vermont § 44

What does Vermont Statutes Online § 44 cover?

Section 44 ("Reserve funds") 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 § 44?

A common citation format is "Vermont Statutes Online § 44" (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 § 44 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.