Limits — Vermont Code § 1762
Vermont Code § 1762 — Limits. Reproduced from the official Vermont Statutes Online, with a citation summary, verification link, and related provisions.
§ 1762. Limits
- (a) A municipal corporation shall not incur an indebtedness for public improvements which,
with its previously contracted indebtedness, shall, in the aggregate, exceed ten times
the amount of the last grand list of such municipal corporation. Bonds or obligations
given or created in excess of the limit authorized by this subchapter and contrary
to its provisions shall be void. (b) However, the provisions of this subchapter as to the debt limit shall not apply to
bonds issued under section 1752 or 1754 of this title, relating to the ordinary expenses of a municipality. (Amended 2011, No. 155 (Adj. Sess.), § 10.)
Source: official Vermont text · Last verified 2026-08-27
At a glance
- Citation: Vermont Statutes Online § 1762
- Jurisdiction: Vermont
- Code: Vermont Statutes Online
- Subject: Limits
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Vermont Statutes Online. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Vermont attorney.
Common questions
What is the source of Vermont Statutes Online § 1762?
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What subject does Vermont Statutes Online § 1762 address?
It addresses "Limits". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Vermont Statutes Online § 1762 still in force?
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