Vermont § 8018 - Resident Assistance Fund
Full text of Vermont Vermont Statutes Online § 8018 — Resident Assistance Fund, with citation guidance and answers to common questions.
§ 8018. Resident Assistance Fund
- (a) A provider shall establish a Resident Assistance Fund for the purpose of assisting
residents who are unable to meet a portion of periodic or other charges of the provider. (b) The Fund shall be established by an initial contribution of at least $25,000.00 from
the provider and may contain any additional amounts contributed by the provider or
residents. (c) The Fund, including any interest earned on monies in the Fund, shall be used for the
sole purpose of assisting residents who have financial difficulties that impair their
ability to meet monthly fees and other charges. (d) The Fund shall be administered by the operator of the facility and a committee of
residents, designated by the residents, for the exclusive benefit of the residents
in a manner approved by the Commissioner. (e) The Fund shall be subject to an annual independent audit. The independent audit may
be filed and submitted in accordance with one of the following methods: (1) an audited financial statement of the Fund shall be included as a separate schedule
of supplementary information in the provider’s audited annual statement required under
subsection 8002(g) of this title; or (2) an audited financial statement of the Fund shall be submitted annually to the residents
and the Commissioner. (Added 1987, No. 247 (Adj. Sess.), § 1; amended 2009, No. 137 (Adj. Sess.), § 13.)
Frequently Asked Questions About Vermont § 8018
What does Vermont Statutes Online § 8018 cover?
Section 8018 ("Resident Assistance 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 § 8018?
A common citation format is "Vermont Statutes Online § 8018" (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 § 8018 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.