§ 2541 - Armed services scholarship fund - Vermont Statutes

§ 2541. Armed services scholarship fund

(a) An armed services scholarship fund is established in the office of the state treasurer to comprise appropriations made by the general assembly.

(b) The state treasurer may invest the monies in the fund.

(c) Monies in the fund shall be used to fund armed services scholarships established in section 2537 of this title.

(d) All balances in the fund at the end of any fiscal year shall be carried forward and used only for the purposes set forth in this section. Earnings of the fund which are not withdrawn pursuant to this section shall remain in the fund. (Added 2003, No. 127 (Adj. Sess.), § 6.)