§ 44. Reserve funds
(a) The Selectboard may raise and appropriate money for the establishment of capital reserve or equipment reserve funds for the financing of all or part of:
(1) the construction, reconstruction, or acquisition of a specific capital improvement, or the acquisition of a specific item of equipment;
(2) the construction, reconstruction, or acquisition of a type of capital improvement or acquisition of a type of equipment;
(3) other purposes to meet specific obligations and needs of the Town so as to ensure efficient operations.
(b) The size and regulation of reserve funds shall be determined by the Selectboard. (Amended 2021, No. M-13 (Adj. Sess.), § 2, eff. May 16, 2022.)
Structure Vermont Statutes
Title 24 Appendix - Municipal Charters
Chapter 149 - Town of Springfield
App § 2. Application of general law; proposed charter
App § 4. Intergovernmental relations
App § 7. Potential or actual conflict of interest; personal financial interest
App § 8. Licenses; fees; charges; user fees; fees for service
App § 9. Acquisition and disposition of town property
App § 11. Procedures for charter revision and amendment
App § 13. Use of streets by public utilities and private interests
App § 21. Governmental authority
App § 22. Town meeting; elections
App § 23. Local elected officials
App § 24. Appointed nonadministrative officials
App § 32. Administrative departments
App § 34. Administrative and policy functions prescribed by charter
App § 41. Fiscal year of the Town government
App § 42. Town Manager’s proposed budget timetable and preparation
App § 43. Capital expenditure program
App § 45. Board review and final action
App § 46. Special appropriations
App § 47. Budget Advisory Committee; budget process
App § 48. Appropriation; budget
App § 49. Financial administration and Town budget