§ 760. Bond issues; debt limit
(a) A union elementary or union high school district may make improvements, as defined by 24 V.S.A. § 1751, and may incur indebtedness for the improvements as provided in 24 V.S.A. chapter 53, subchapter 1.
(b) The debt limit of the union elementary or union high school district shall be 10 times the total of the education grand lists of the member districts of the union school district. The existing indebtedness of a union elementary or union high school district incurred to finance any project approved under sections 3447 to 3456 of this title shall not be considered a part of the indebtedness of the union elementary or union high school district for purposes of determining its debt limit for a new proposed bond issue. An obligation incurred by a union elementary or union high school district pursuant to this chapter shall be the joint and several obligation of the union school district and each of its member districts. Any joint or several obligation incurred by a member district pursuant to this subsection shall not be considered in determining the debt limit for the separate purposes of the member district.
(c) Bond issues under this section shall be determined by Australian ballot and shall proceed pursuant to sections 755 (warnings of union elementary school district and union high school district meetings) and 757–759 (vote by Australian ballot) of this subchapter. 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