Vermont § 9502 - Tobacco Trust Fund
Full text of Vermont Vermont Statutes Online § 9502 — Tobacco Trust Fund, with citation guidance and answers to common questions.
§ 9502. Tobacco Trust Fund
- (a)(1) The Tobacco Trust Fund is established in the Office of the State Treasurer for the
purposes of creating a self-sustaining, perpetual fund for tobacco cessation and prevention
that is not dependent upon tobacco sales volume. (2) The Trust Fund shall be composed of: (A) transfers made by the General Assembly; and (B) contributions from any other source. (3) The State Treasurer shall not disburse monies from the Trust Fund, except upon appropriation
by the General Assembly. In any fiscal year, total appropriations from the Trust Fund
shall not exceed seven percent of the fair market value of the Fund at the end of
the prior fiscal year. (4) The Trust Fund shall be administered by the State Treasurer. The State Treasurer may
invest monies in the Fund in accordance with the provisions of 32 V.S.A. § 434. All balances in the Fund at the end of the fiscal year shall be carried forward.
Interest earned shall remain in the Fund. The State Treasurer’s annual financial report
to the Governor and the General Assembly shall contain an accounting of receipts,
disbursements, and earnings of the Fund.
Frequently Asked Questions About Vermont § 9502
What does Vermont Statutes Online § 9502 cover?
Section 9502 ("Tobacco Trust 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 § 9502?
A common citation format is "Vermont Statutes Online § 9502" (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 § 9502 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.