Current as of January 01, 2020 | Updated by FindLaw Staff
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Every appropriation, except an appropriation for a capital expenditure, shall lapse at the close of the fiscal year to the extent that it has not been expended or encumbered. An appropriation for a capital expenditure shall continue in force until the purpose for which it was made has been accomplished or abandoned.
Cite this article: FindLaw.com - Vermont Statutes Title 24 (Appendix). Municipal Charters, App. c. 19 § 709. Lapse of appropriations - last updated January 01, 2020 | https://codes.findlaw.com/vt/title-24-app-municipal-charters/vt-st-tit-24-app-c-19-sect-709/
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