§ 1506. Budget limitations—borrowing
(a) The incurring of bonded indebtedness, the issuing of bonds, the making of temporary loans in anticipation of bond sales, and all other matters pertaining to bonded indebtedness shall be controlled by such statutes as are applicable.
(b) The Town, through its Selectboard, may borrow money in anticipation of taxes.
(c) The Town, by vote at the annual or a special meeting, may borrow money under terms and conditions and for lawful municipal purposes as the Town shall vote.
(d) In cases of emergency, the Selectboard may appropriate funds or borrow money in the name of the Town.
(e) The Selectboard, in the name of the Town, may borrow funds in anticipation of federal and State funds that have been approved and committed, until those funds are available, but in no event for a term of longer than one year.
(f) Any appropriation beyond the amount in the Town budget, except as specified in subsection (d) of this section, and all borrowing, except as specified in subsections (a), (b), (c), (d), and (e) of this section, shall be by vote of the Town and upon such terms and conditions as the Town shall vote. (Amended 2021, No. M-17 (Adj. Sess.), § 2, eff. June 7, 2022.)
Structure Vermont Statutes
Title 24 Appendix - Municipal Charters
Chapter 123 - Town of Hardwick
App § 101. Corporate existence retained
App § 102. General law, application
App § 105. Reservation of powers to the Town
App § 106. Ordinances: penalties for breach thereof
App § 107. Ordinances; adoption by the Selectboard
App § 109. Ordinances; adoption on petition
App § 110. Non-applicability of zoning and subdivision
App § 111. Applicability of referendum and initiative
App § 112. Authority of police officers
App § 115. Change of form of government
App § 116. Intergovernmental relations
App § 118. Special service district
App § 303. Terms of office; Selectboard members
App § 304. Other elective offices
App § 307. Vacancies and appointments
App § 308. Bonding of officers
App § 310. Town Clerk and Treasurer
App § 311. Recall of elected officials
App § 504. Jurisdiction over offices and employees
App § 701. Appointed by Selectboard
App § 702. Manager nonpartisan
App § 704. Duties of the manager
App § 902. Water supply; duties of Selectboard members
App § 903. Sewage collection and disposal; duties of Selectboard
App § 904. Electric Department commissioners
App § 905. Fire Department; appointments
App § 906. Police Department; appointments
App § 907. Fire and Police Departments; general provisions
App § 908. Cemetery Commission
App § 1101. Application of general laws
App § 1104. Postponement and combining of Town meeting
App § 1105. Voting question by Australian ballot
App § 1106. Annual meeting; date and time
App § 1301. Applicability of State law to zoning and planning
App § 1502. Preparation and submission of budget
App § 1505. Amount to be raised by taxation
App § 1506. Budget limitations—borrowing
App § 1507. Transfers of appropriations