Vermont Statutes
Chapter 405 - Chittenden Solid Waste Management District
App § 37. Indebtedness; short-term borrowing

§ 37. Indebtedness; short-term borrowing
(a) The Board of Commissioners may borrow money through the issuance of notes of the District in an amount not to exceed 25 percent of the District’s current operating budget, for the purpose of paying current expenses of the District. Such notes must mature within one year.
(b) The Board of Commissioners may also borrow money in anticipation of grants-in-aid from any source and any revenues other than assessments, in an amount not to exceed 50 percent of such grants or revenues, through the issuance of notes of the District. Such notes must mature within one year, but may be renewed as provided by general law; provided, however, such notes may not be renewed more than once or for a term in excess of two years from the date of the original loan without the approval of a majority of the voters of the District.
(c) The Board of Commissioners may also borrow money in anticipation of assessments to each member municipality in an amount not to exceed 90 percent of the amount assessed for each year, and may issue notes of the District which must mature within one year.
(d) The Board of Commissioners may also borrow money in anticipation of bond proceeds which have been authorized as provided in this subchapter. These notes shall be issued as provided in 24 V.S.A. chapter 53.

Structure Vermont Statutes

Vermont Statutes

Title 24 Appendix - Municipal Charters

Chapter 405 - Chittenden Solid Waste Management District

App § 1. Creation

App § 2. Purpose

App § 3. Composition

App § 4. Duration

App § 5. Powers

App § 6. Authority

App § 7. Appointment

App § 8. Organizational meeting

App § 9. Regular meeting

App § 10. Special meetings

App § 11. Quorum

App § 12. Rules of procedure

App § 13. Compensation of members of Board of Commissioners

App § 14. Voting

App § 15. Terms of office

App § 16. Administrative personnel

App § 17. Election

App § 18. Bond

App § 19. Chair

App § 20. Vice Chair

App § 21. Vacancy

App § 22. Secretary

App § 23. Treasurer

App § 24. Records

App § 25. Audit

App § 26. Executive Board

App § 27. Committees

App § 28. Compensation of officers

App § 29. Recall of officers

App § 30. Fiscal year

App § 31. Preparation of budget

App § 32. Budget hearing

App § 33. Adoption

App § 34. Appropriations and revenues

App § 35. Assessment

App § 36. Limitations of appropriations

App § 37. Indebtedness; short-term borrowing

App § 38. Long-term indebtedness; long-term contracts

App § 39. Sinking fund

App § 40. Capital reserve fund

App § 41. Management fees

App § 42. Definitions

App § 43. Special meetings

App § 44. Places of meetings

App § 45. Public hearings

App § 46. Warnings required

App § 47. Signing of warning

App § 48. Warning contents

App § 49. Australian ballot

App § 50. Qualifications and registration of voters

App § 51. Conduct of meeting

App § 52. Reconsideration or rescission of vote

App § 53. Validation of District meetings

App § 54. Priority

App § 55. Indemnification; contribution

App § 56. Termination of membership

App § 57. Admission of new members

App § 58. Dissolution of District

App § 59. Annual report

App § 60. Master plan

App § 61. Severability

App § 62. Amendment

App § 63. Transfer of rights