§ 52. Debt and bonded debt for Town improvements
(a) Authorization for any long-term debt shall be granted by the voters at an annual or special Town meeting duly authorized for that purpose. As used in this section, “long-term” means a period of indebtedness greater than five years.
(b) An article requesting authorization to incur long-term debt can only be placed on the warning by a vote of four Selectboard members.
(c) [Repealed.]
(d) Articles requesting authorization for long-term debt shall be warned in accordance with State statute.
(e) The Town Treasurer shall be authorized, subject to the approval of the Selectboard, to incur short-term debt in anticipation of taxes for funding. (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