§ 743. Bond issues; debt limit
(a) A unified union school district may make improvements, as defined by 24 V.S.A. § 1751 (municipal and county government; indebtedness definitions), and may incur indebtedness for improvements as provided in 24 V.S.A. chapter 53, subchapter 1 (municipal and county government; indebtedness generally).
(b) The debt limit of the unified union school district shall be 10 times the total of the education grand lists of the towns within the unified union school district. The existing indebtedness of a unified union school district incurred to finance any project approved under sections 3447 to 3456 (State aid for capital construction costs) of this title shall not be considered a part of the indebtedness of the unified union school district for purposes of determining its debt limit for a new proposed bond issue.
(c) Bond issues under this section shall be determined by Australian ballot and shall proceed pursuant to sections 737 (warnings of unified union school district meetings) and 739–742 (vote by Australian ballot) of this subchapter. The ballots shall be commingled before counting. (Added 2021, No. 176 (Adj. Sess.), § 3, eff. June 7, 2022.)
Structure Vermont Statutes
Chapter 11 - Union School Districts
§ 703. Application of other laws and articles of agreement
§ 706. Proposal to form study committee; budget and membership
§ 707. Approval of study budget; appointment of study committee; participation
§ 710. Vote to form union school district
§ 711. Vote to elect initial members of the union school district board
§ 715. Organizational meeting; notice; business to be transacted
§ 716. Transition to full operations
§ 717. Dissolution, reorganization, and discontinuation of forming districts
§ 718. Transfer of real property to town in which it is located
§ 719. Supervisory union; supervisory district
§ 721. Joining an existing union school district
§ 722. Amendments to articles of agreement
§ 723. Decision to vote by Australian ballot
§ 724. Withdrawal from or dissolution of a unified union school district
§ 725. Withdrawal from or dissolution of a union elementary or union high school district
§ 729. Board members; term; conduct of meetings; quorum and voting; powers and duties
§ 730. Unified union school district board members; nomination and election; bond
§ 731. Vacancy on unified union school district board
§ 732. Unified union school district budget; preparation and authorization
§ 735. Officers; election; term; vacancy; bond
§ 736. Officers; powers, duties, and liabilities
§ 737. Warnings of unified union school district meetings
§ 738. Checklist for union district meetings where voting is conducted from the floor
§ 739. Conduct of vote if by Australian ballot
§ 740. Preparation and form of Australian ballot
§ 741. Counting of Australian ballots
§ 742. Commingling and reporting of all votes cast by Australian Ballot and from the floor
§ 743. Bond issues; debt limit
§ 747. Board members; term; conduct of meetings; quorum and voting; powers and duties
§ 748. Union elementary and union high school district board members; nomination and election; bond
§ 749. Vacancy on union elementary or union high school district board
§ 750. Union elementary or union high school district budget; preparation and authorization
§ 753. Officers; election; term; vacancy; bond
§ 754. Officers; powers, duties, and liabilities
§ 755. Warnings of union elementary and union high school district meetings
§ 756. Union district meetings conducted from the floor
§ 757. Conduct of vote if by Australian ballot
§ 758. Preparation and form of Australian ballot
§ 759. Counting and reporting results of vote by Australian ballot
§ 760. Bond issues; debt limit
§ 763. Ratification; articles of agreement; application of chapter