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Current as of January 01, 2024 | Updated by Findlaw Staff
Notwithstanding any grant of authority in this chapter to the contrary:
(1) A district shall not accept funds generated by the taxing or assessment power of any municipality in which it is located.
(2) A district shall not have the power to levy, assess, apportion, or collect any tax upon property within the district, nor upon any of its underlying municipalities, without specific authorization of the General Assembly.
(3) All obligations of the district, including financing leases, shall be secured by and payable only out of the assets of or revenues or monies in the district, including revenue generated by an enterprise owned or operated by the district.
(4) A district shall not have powers of eminent domain.
Cite this article: FindLaw.com - Vermont Statutes Title 24. Municipal and County Government, § 5703. Limitations; taxes; indebtedness; eminent domain - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-24-municipal-and-county-government/vt-st-tit-24-sect-5703/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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