Vermont § 976 - Anticipation of proceeds
Full text of Vermont Vermont Statutes Online § 976 — Anticipation of proceeds, with citation guidance and answers to common questions.
§ 976. Anticipation of proceeds
- (a) Pending the issue of Transportation Infrastructure Bonds, the State Treasurer, with
the approval of the Governor, may use any available cash in the Transportation Infrastructure
Bond Fund for the purposes for which the bonds were authorized, and shall restore
the borrowed funds from the proceeds of the bonds. (b) The State Treasurer, with the approval of the Governor, may borrow upon notes of the
State sums of money in anticipation of the proceeds of the bonds. Notes issued under
this subsection shall be issued on such terms and at such times as the Treasurer and
Governor may determine, and shall mature not more than three years from the date of
issuance, provided that notes issued for a shorter period may be refunded from time
to time by the issue of other such notes maturing within the required period of three
years. (c) The authority granted under this section is in addition to and not in limitation of
any other authority. (Added 2009, No. 50, § 28.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 976
What does Vermont Statutes Online § 976 cover?
Section 976 ("Anticipation of proceeds") 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 § 976?
A common citation format is "Vermont Statutes Online § 976" (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 § 976 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.