§ 429. Loans
Notwithstanding subsection 4029(b) of this title, a school board may draw orders for loans without interest to the town’s general fund, and the town selectboard may draw orders for loans without interest to the school district fund, the loans to be secured by a note signed by both the selectboard and the school board that stipulates mutually agreeable terms and conditions. A note shall be payable not more than 90 days after its issuance and shall be payable on demand anytime within the 90-day term. The school board shall report all loans to the Agency pursuant to subsection 4029(f) of this title. For purposes of this section, “town” and “selectboard” shall have the same meaning as they have in 1 V.S.A. § 139. (Added 1969, No. 298 (Adj. Sess.), § 49; amended 2011, No. 129 (Adj. Sess.), § 3, eff. May 11, 2012.)
Structure Vermont Statutes
§ 423. Directors, number, election; term
§ 425. Other town school district officers
§ 426. Duties of the town school district treasurer
§ 471. Application of other laws
§ 475. Statistical information
§ 477. Merger of town and incorporated school districts
§ 478. Prudential committee; vacancies
§ 491. Election; notice to clerk
§ 492. Powers, duties, and liabilities; bonds
§ 496. Books and papers to be turned over to successor
§ 512. Payment of monies collected to treasurer
§ 551. Application of laws to school districts
§ 552. Validation of school districts and bonds voted for school construction
§ 553. Qualification of voters at school district meetings
§ 554. School board meetings; majority vote, quorum, Robert’s Rules, public participation
§ 555. No liability for unauthorized or deficit spending
§ 556. Liability for damage to textbook or learning materials
§ 557. Gratuity or compensation prohibited
§ 558. Eligibility for election to a school board; employment of school board members
§ 560. Condemnation for school purposes
§ 561. Election of school board members; oath; chair; clerk
§ 563. Powers of school boards; form of vote
§ 563a. Prevention, identification, and reporting of child sexual abuse and sexual violence
§ 569. Purple Star Campus designation
§ 570. Harassment, hazing, and bullying prevention policies
§ 570f. Harassment; notice and response
§ 570k. Civil penalty; Judicial Bureau; waiver penalty
§ 570l. Criminal prosecution and civil action
§ 571. Contracts to construct and operate joint schools
§ 572. Joint boards for joint, contract, or consolidated schools