Current as of January 01, 2020 | Updated by FindLaw Staff
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When the General Assembly authorizes the issuance of new long-term general obligation bonds, it shall consider the maximum amount of such bonds recommended as prudent for the fiscal year concerned by the Capital Debt Affordability Advisory Committee created for this purpose by this subchapter. This requirement shall apply to the authorizations of all State tax supported general obligation bonds, which are secured by the State General and Transportation Funds.
Cite this article: FindLaw.com - Vermont Statutes Title 32. Taxation and Finance, § 1000. Affordable amount of general obligation bond authorization - last updated January 01, 2020 | https://codes.findlaw.com/vt/title-32-taxation-and-finance/vt-st-tit-32-sect-1000/
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