§ 640 - Authorization to accept appropriated monies - Vermont Statutes

§ 640. Authorization to accept appropriated monies TITLE 10Conservation and DevelopmentPART IDevelopment of ResourcesCHAPTER 25. VERMONT HOUSING FINANCE AGENCYSubchapter IV. Form and Nature of Bonds and Notes

§ 640. Authorization to accept appropriated monies

The agency is authorized to accept and expend such monies as may be appropriated or approved from time to time by the general assembly for effectuating its corporate purposes including, without limitation, the payment of the initial expenses of administration and operation and the establishment of reserves or contingency funds to be available for the payment of the principal of and the interest on any bonds, notes or other obligations of the agency. (Added 1973, No. 260 (Adj. Sess.), § 3, eff. April 11, 1974.)