§ 411. Capital reserve fund
(a) The Board of Supervisors, with the approval of a majority of the voters present and voting at a special District meeting called and warned for such purpose, may establish and provide for a capital reserve fund to pay for public improvements in furtherance of the purposes for which the District was created.
(b) Any such capital reserve fund shall be kept in a separate account and invested as are other public funds and may be expended for the purpose for which established, or other purposes when authorized by a majority of the voters present and voting at a special District meeting duly called and warned for that purpose.
(c) The cost of payments to any capital reserve fund shall be included in the annual budget of the District and shall be allocated among the member municipalities as provided in section 404 of this charter. (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