§ 34. Sinking fund
(a) The Board may establish and provide for a sinking fund for the retirement of bond issue or other debt, or to provide security for the payment thereof.
(b) When so established, the sinking fund shall be kept intact and separate from other monies at the disposal of the Authority, and shall be accounted for as a pledged asset for the purpose of retiring or securing such obligations.
(c) The cost of payments to any sinking fund shall be included in the annual budget of the Authority. (Added 2013, No. M-17 (Adj. Sess.), § 2, eff. May 20, 2014.)
Structure Vermont Statutes
Title 24 Appendix - Municipal Charters
Chapter 901 - Central Vermont Public Safety Authority
App § 1. Purpose and composition
App § 8. Selection of directors
App § 9. Organizational meeting
App § 16. Public Safety Director
App § 23. Open meetings and public records
App § 28. Budget appropriation and assessment
App § 29. Cost-sharing formula
App § 32. Limitations of appropriations
App § 35. Capital reserve fund
App § 36. Special Authority meetings
App § 43. Qualifications and registration of voters
App § 45. Reconsideration or rescission of vote
App § 46. Validation of Authority meetings
App § 48. Withdrawal of a municipality
App § 49. Admission of additional municipalities
App § 50. Dissolution of the Authority