Vermont § 555 - No liability for unauthorized or deficit spending
Full text of Vermont Vermont Statutes Online § 555 — No liability for unauthorized or deficit spending, with citation guidance and answers to common questions.
§ 555. No liability for unauthorized or deficit spending
- (a) It is the intent of the General Assembly that school boards should spend within the
amount authorized by the electorate pursuant to this title and should not incur a
deficit. However, the General Assembly recognizes that in the course of a school district
budget year it may be necessary for expenditures to exceed revenues received or the
amount authorized by the electorate. (b) A school board member shall not be liable under any law, including any criminal law,
on the sole basis that the board has spent more than authorized under this title or
that a deficit, as defined in 24 V.S.A. § 1523, has occurred. (Added 1969, No. 298 (Adj. Sess.), § 32; amended 1995, No. 155 (Adj. Sess.), § 1; 2001, No. 8, § 4; 2013, No. 92 (Adj. Sess.), § 62, eff. Feb. 14, 2014.)
Frequently Asked Questions About Vermont § 555
What does Vermont Statutes Online § 555 cover?
Section 555 ("No liability for unauthorized or deficit spending") 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 § 555?
A common citation format is "Vermont Statutes Online § 555" (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 § 555 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.