§ 975. Proceeds
Proceeds from the sale of bonds may be expended for the authorized purposes of the bonds, including the expenses of preparing, issuing, and marketing the bonds; any notes issued under section 976 of this title; and amounts for any reserves. However, no purchasers of the bonds shall be bound to see to the proper application of the proceeds thereof. (Added 2009, No. 50, § 28; amended 2011, No. 63, § F.106, eff. June 2, 2011.)
Structure Vermont Statutes
Title 32 - Taxation and Finance
§ 902. Authorization to borrow money
§ 932. Claims against the State
§ 932a. Administrative reimbursement for property damages
§ 952. Denominations; how issued
§ 955. Anticipation of proceeds
§ 962. Private use compliance, notice, and approval
§ 972. Transportation Infrastructure Bonds
§ 975a. Authority of Treasurer
§ 975b. Debt service appropriations
§ 976. Anticipation of proceeds
§ 980. Authority to issue Transportation Infrastructure Bonds
§ 993. Public approval, out-of-state issuers
§ 995. Agreements for the exemption of interest
§ 999. Interest remittance and payments
§ 1000. Affordable amount of general obligation bond authorization