§ 1403. Level of debt
In determining the amount of municipal indebtedness permitted, obligations created for current expenses, for a water supply or for electric lights, and temporary loans created in anticipation of the collection of taxes and necessary for meeting current expenses shall not be taken into account. Sinking funds and other monies set aside for the sole purpose of paying outstanding bonds shall be deducted.
Structure Vermont Statutes
Title 24 Appendix - Municipal Charters
Chapter 247 - Village of Newbury
App § 201. Corporate existence of the Village
App § 401. Election of officers
App § 402. Incompatible officers
App § 404. Compensation of Village officers
App § 501. Powers and duties of the Board
App § 502. Meeting of the Board
App § 503. Compensation of the Board
App § 701. Annual Village meetings
App § 702. Special Village meetings
App § 703. Confirmation of Appropriations
App § 1001. Adoption authority
App § 1002. Imposition of fines
App § 1303. Water commissioners and water works
App § 1402. Improvements for which debt may be issued
App § 1405. Revenue anticipation notes
App § 1406. Public utility financing
App § 1501. Construction and operation of sewage system