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Vermont Statutes Title 16. Education, § 567. Surplus

Current as of January 01, 2024 | Updated by Findlaw Staff

If an audit reveals that a school district has surplus funds, the school board shall carry the funds into the next year as revenue unless authorized by the voters, at an annual or special meeting warned for the purpose, to:

(1) deposit the funds into a reserve fund established pursuant to 24 V.S.A. § 2804; or

(2) use the funds for a specific purpose.

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Cite this article: FindLaw.com - Vermont Statutes Title 16. Education, § 567. Surplus - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-16-education/vt-st-tit-16-sect-567/

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