Transfer — Vermont Code § 701

§ 701. Transfer

• (a) On and after the effective date of this charter, the ownership, control, and management
  of the Village water and sewer systems shall be vested in the Town, subject to all
  indebtedness and liabilities relating thereto; provided, however, that administration
  of said systems and payment of existing liabilities relating thereto shall be as specifically
  provided for in this charter. (b)(1) By resolution, the Selectboard may designate areas of the Town special water and sewer
  system districts and may provide that property therein shall be provided by water
  and sewer services not so provided to all other areas within the Town; provided, however,
  that the designation shall not become effective until approved by a majority of all
  voters residing within the proposed district present and voting at a special meeting
  called and held for that purpose. (2) A special water or sewer district shall be reasonable geographically, taking into
  account the areas, property, and persons actually benefited; the types of services
  to be provided; and the fact that the efficiency of providing multiple services in
  a single, special service district might outweigh the fact that the areas and property
  benefiting from the respective services might not coincide exactly. All costs required
  to support a given special service district shall be paid for by persons receiving
  the service, by a tax on the grand list for that special service district involved,
  to be assessed annually by the Selectboard, or by any other charge or fee permitted
  by law. If the costs are to be paid by a tax, the tax shall be paid and collected
  in the same manner as other taxes and the tax assessed on any part of the grand list
  shall be a lien thereon. All funds of any special service shall be kept in a special
  fund, no part of which may be used for any purpose other than the payment of debt
  service, operation, and maintenance, and a reserve fund with respect to the service
  for which the funds are collected. (Amended 2005, No. M-10 (Adj. Sess.), § 14, eff. May 1, 2006.)