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VERMONT STATUTES AND CODES
§ 1777 - Regulations
§ 1777. Regulations
When a municipal corporation has established or provided a sinking fund for the retirement of a bond issue or other debt, the fund so established or provided shall be kept intact and separate from other moneys at the disposal of such corporation, shall be accounted for as a pledged asset for the purpose of retiring such obligations and shall not be appropriated or used for the current expenses of such corporation.
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