§ 408. Indebtedness; short-term borrowing
(a) The Board of Supervisors may borrow money through the issuance of notes of the District for the purpose of paying current expenses of the District. However, the notes must mature within the fiscal year in which they were issued.
(b) The Board of Supervisors may also borrow money in anticipation of taxes in an amount not to exceed 90 percent of the amount of taxes assessed for each year and may issue notes of the District that must mature within the fiscal year in which they were issued.
(c) The Board of Supervisors may also borrow money in anticipation of any revenues other than taxes through the issuance of notes of the District. However, the notes must mature within the fiscal year in which they were issued. (Added 2019, No. M-2, § 2, eff. April 19, 2019.)
Structure Vermont Statutes
Title 24 Appendix - Municipal Charters
Chapter 414 - Rutland County Solid Waste District
App § 204. Organizational meeting
App § 212. Compensation of members of Board of Supervisors
App § 312. Compensation of officers
App § 403. Budget adoption, appropriation, and assessment
App § 404. Budget, appropriation, and assessment; apportionment of taxes
App § 405. Initial budget and appropriation
App § 407. Limitations of appropriations
App § 408. Indebtedness; short-term borrowing
App § 409. Indebtedness; long-term indebtedness and long-term contracts
App § 411. Capital reserve fund
App § 413. Transportation and collection sites
App § 507. Qualifications and registration of voters
App § 508. Conduct of meetings
App § 509. Reconsideration or rescission of vote
App § 510. Validation of District meetings
App § 601. Withdrawal of member municipality
App § 602. Admission of new member municipalities
App § 603. Dissolution of District