Vermont Statutes
Chapter 9 - School Districts
§ 566. Authority to borrow

§ 566. Authority to borrow
Notwithstanding the provisions of subdivision 562(9) of this title, if a budget for the support of schools for the ensuing year has not been approved on or before June 30 of any year, the school board may borrow funds necessary to enable it to operate the schools on a budget of up to 87 percent of the most recently approved school budget. If the school board borrows money under this section, it shall determine how all funds shall be expended. (Added 1995, No. 32, § 1; amended 2001, No. 8, § 7.)

Structure Vermont Statutes

Vermont Statutes

Title 16 - Education

Chapter 9 - School Districts

§ 421. Town school districts

§ 422. Meetings

§ 423. Directors, number, election; term

§ 424. Vacancies

§ 425. Other town school district officers

§ 426. Duties of the town school district treasurer

§ 427. Grand list

§ 428. Budget to be voted

§ 429. Loans

§ 471. Application of other laws

§ 472. Meetings; warnings

§ 473. Eligibility of voters

§ 474. Records

§ 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

§ 493. Moderator

§ 494. Collector of taxes

§ 495. Vacancies

§ 496. Books and papers to be turned over to successor

§ 511. Budget

§ 512. Payment of monies collected to treasurer

§ 514. Abatement

§ 515. Payment of a deficit

§ 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

§ 559. Public bids

§ 560. Condemnation for school purposes

§ 561. Election of school board members; oath; chair; clerk

§ 562. Powers of electorate

§ 563. Powers of school boards; form of vote

§ 563a. Prevention, identification, and reporting of child sexual abuse and sexual violence

§ 566. Authority to borrow

§ 567. Surplus

§ 568. School branding

§ 569. Purple Star Campus designation

§ 570. Harassment, hazing, and bullying prevention policies

§ 570a. Harassment

§ 570b. Hazing

§ 570c. Bullying

§ 570f. Harassment; notice and response

§ 570i. Definitions

§ 570j. Unlawful conduct

§ 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