Vermont Statutes Title 16 (Appendix). Education Charters and Agreements, App. c. 11 § 11-5.2. Borrowing

The District may borrow money in any year in anticipation of taxes assessed in such year, in an amount not to exceed 90 percent of the taxes assessed in such year. Such notes or orders, however, must mature within one year from the date thereof and be paid from the taxes assessed and collected in such year.