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BILL AS PASSED BY HOUSE 2007-2008

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H.97

AN ACT RELATING TO THE ABILITY OF THE UNIFIED TOWNS AND GORES OF ESSEX COUNTY TO INCUR INDEBTEDNESS

It is hereby enacted by the General Assembly of the State of Vermont:

Sec. 1.  24 V.S.A. § 1351b(c) is amended to read:

(c)  The board of governors shall perform the same functions and duties for the gores that a selectboard, school board, and board of civil authority perform for their municipality.  Except as otherwise specifically provided, the board of governors shall enjoy the same powers, privileges, and immunities, and fees, and shall be subject to the same obligations, limitation, liabilities, and penalties in respect to the gores, as a selectboard, school board, and board of civil authority enjoy and are subject to in respect to their municipality.  The unified towns and gores of Essex County shall be a “municipal corporation” under subsection 1751(a) of this title and shall have the authority to incur debt, issue bonds, and borrow money in accordance with the provisions of chapter 53 of this title.

Sec. 2.  24 V.S.A. § 1751 is amended to read:
§ 1751
.  DEFINITIONS

As used in this chapter:


(1)  “Municipal corporation,” as used in this chapter, shall include a city, town, village, town school district, graded school district or other incorporated, union or unified school district or any entity providing educational services which is eligible to receive state aid under chapter 123 of Title 16, a fire district, a union municipal district created under an intermunicipal agreement entered into and approved as provided in subchapter 3 of chapter 121 of this title, a regional mass transportation authority created under chapter 127 of this title, a local housing authority created under section 4003 of this title, or a consolidated water or sewer district, created under chapter 91 or chapter 105 of this title, or the unified towns and gores of Essex County.

(2)  “Legislative branch,” as used in this chapter, shall mean the mayor and board of aldermen of a city, the board of selectmen of a town, the trustees of a village, the board of school directors of a school district, and the trustees or prudential committee of a graded school or fire district, and the board of governors of the unified towns and gores of Essex County, and, with respect to other municipal corporations, the governing body designated by statute.

(3)  “Improvement,” as used in this chapter, shall include, apart from its ordinary signification, the acquiring of land for municipal purposes, the construction of, extension of, additions to, or remodeling of buildings or other improvements thereto, also furnishings, equipment or apparatus to be used for or in connection with any existing or new improvement, work, department or other corporate purpose, and also shall include the purchase or acquisition of other capital assets, including licenses and permits, in connection with any existing or new improvement benefiting the municipal corporation, and all costs incurred by the municipality in connection with the construction or acquisition of the improvement and the financing thereof, including without limitation capitalized interest, underwriters discount, the funding of reserves and the payment of contributions to establish eligibility and participation with respect to loans made from any state revolving fund, to the extent such payment is consistent with federal law.



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us