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Vermont Statutes Title 3. Executive, § 524. Vermont Pension Investment Commission Special Fund

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

(a) Creation. There is hereby created the Vermont Pension Investment Commission Special Fund, administered by the Vermont Pension Investment Commission, for the purpose of receiving funds transferred to the Commission pursuant to subsection 522(i) of this title. Monies in the Fund shall be used to pay expenses associated with carrying out the Commission's duties.

(b) Funds. The Fund shall consist of:

(1) any amounts collected and transferred by the three retirement systems and any individual municipalities that have been allowed to invest their retirement funds pursuant to subsection 523(a) of this title;

(2) any amounts transferred or appropriated to it by the General Assembly; and

(3) any interest earned by the Fund.

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Cite this article: FindLaw.com - Vermont Statutes Title 3. Executive, § 524. Vermont Pension Investment Commission Special Fund - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-3-executive/vt-st-tit-3-sect-524/

Read this complete Vermont Statutes Title 3. Executive, § 524. Vermont Pension Investment Commission Special Fund on Westlaw

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